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Agenda 10/3/11 1. Discuss HW 2. Review Items Sets and Formulas 3. Quiz

3. Mrs. Allen is considering paying cash for the furniture. How much can she save by buying the furniture at Family Furniture rather than at Today’s furniture? Family Furniture sells a set of living room furniture for $1199. The store offers a $100 rebate for paying cash. It will also sell the furniture for $150 down and monthly installments of $45 for 3 years. Today’s Furniture sells the same furniture for $1279. The store offers no rebate for paying cash. It will sell the furniture for $200 down and monthly installments of $54 for 2 years. ,[object Object]

Step 2: Cash Price from Family Furniture: $1199-$100=$1099 Price at Today’s Furniture: $1279 ,[object Object], $1279-$1099= $180 ,[object Object],[object Object]

Step 2: Down Payment: $150Monthly Payment: $45 Time Period: 3 years = 36 months ,[object Object],Add the down payment: $1620 + $150= $1770 ,[object Object],[object Object]

Step 2: Down Payment: $200 Monthly Payment: $54 Time Period: 2 years = 24 months ,[object Object],Add the down payment: $1296 + $200= $1496 ,[object Object],[object Object]

Step 2: Family Furniture Installment Plan: $1770 Today’s Furniture: $1496 ,[object Object]

Step 4:Make Sense? ,[object Object]

Step 2: Family Furniture Installment Plan: $1770 Family Furniture Cash Price: $1099 ,[object Object]

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