Real World Applications

You have just graduated from high school and planning to move out on your own. You have to get a job to pay the bills and plan a budget to take care all of your other basic needs. Work each of the situations carefully and give the answer that is best for each situation.

1. You have a chance to get a job at MelMax Enterprises. There you will work in sales. You will earn $245 a week plus $3.25 for each item sold. Create a chart and write an equation to show how you will get paid.

Items sold 0 1 2 3 4 5 6 7
Money earned

2. You see a house for sale listed at $78,500. A realtor can gives you several mortgage options for the house. 1) 25 yrs, at 6.7% 2) 30 yrs, at 5.6% and 3)50 yrs, at 4.1%. Find the interest that would be paid on each option to show which is the better deal.

3. To get to work you will buy a new car. The car cost $23,000. You elect to pay for the car over a 5 year period at a rate of 5.6%. Calculate the interest you will......

Join Now to view the rest of this term paper!
Members: Login to view this research paper.

Title: Reaserching Gators
Approximate Word Count: 417
Approximate Pages: 2 (250 words per double-spaced page)

With the Term Papers Lab Membership Pass, you get instant access to every essay on this site, including this essay on Reaserching Gators, for as long as you remain a member.

Other essays sites charge almost $100 for a single term paper. At Term Papers Lab, you can get instant access to over 100,000 research papers for as little as $29.95!