In this assignment, you are a first-time homeowner, and you arerequired to apply what you have learned in your business algebramath course given various scenarios. Please be prepared to discussthis assignment for the Week 4 Discussion Board.
Assignment Part I: A system of equations can result in 3possibilities: consistent, inconsistent, and dependent. Discusseach of these types of solution that can be generated, and describethe graph of each possibility.
Part II: Break-Even Analysis and Cost Analysis: As a first-timehomeowner, there are going to many decisions that you need to make,such as whom to hire for the upkeep of your lawn. You have justreceived advertisements from 2 companies in your area: GreenerLawns and Lawns for Less. Greener Lawns charges an initial fee of$200, plus $50 per hour for labor costs. Lawns for Less charges aninitial fee of $300, plus $25 per hour for labor costs. 1.If hrepresents the number of labor hours and C represents the cost,write the total cost equation for Greener Lawns. 2.If h representsthe number of labor hours and C represents the cost, write thetotal cost equation for Lawns for Less. 3.Solve the system ofequations for the total cost of lawn care using the desiredtechnique: substitution, elimination, or graphing. 4.Document howyou came to these conclusions for accuracy. Mathematics ofFinance
Part III: To purchase your first home, you may be required toborrow funds from a bank. You have just graduated from college, andyour dream is to own your first home. Before you begin looking foryour dream home, you need to learn more about funding options andthe process required to finance a home. Research online to findmore information about home loans and mortgages. 1.Discuss youroptions for obtaining a home loan and how mortgages work. 2.Discussthe process/procedures for obtaining the loan and the idealinterest rates for home loans. 3.Report your findings in 2paragraphs.
In this assignment, you are a first-time homeowner, and you arerequired to apply what you have learned in your business algebramath course given various scenarios. Please be prepared to discussthis assignment for the Week 4 Discussion Board.
Assignment Part I: A system of equations can result in 3possibilities: consistent, inconsistent, and dependent. Discusseach of these types of solution that can be generated, and describethe graph of each possibility.
Part II: Break-Even Analysis and Cost Analysis: As a first-timehomeowner, there are going to many decisions that you need to make,such as whom to hire for the upkeep of your lawn. You have justreceived advertisements from 2 companies in your area: GreenerLawns and Lawns for Less. Greener Lawns charges an initial fee of$200, plus $50 per hour for labor costs. Lawns for Less charges aninitial fee of $300, plus $25 per hour for labor costs. 1.If hrepresents the number of labor hours and C represents the cost,write the total cost equation for Greener Lawns. 2.If h representsthe number of labor hours and C represents the cost, write thetotal cost equation for Lawns for Less. 3.Solve the system ofequations for the total cost of lawn care using the desiredtechnique: substitution, elimination, or graphing. 4.Document howyou came to these conclusions for accuracy. Mathematics ofFinance
Part III: To purchase your first home, you may be required toborrow funds from a bank. You have just graduated from college, andyour dream is to own your first home. Before you begin looking foryour dream home, you need to learn more about funding options andthe process required to finance a home. Research online to findmore information about home loans and mortgages. 1.Discuss youroptions for obtaining a home loan and how mortgages work. 2.Discussthe process/procedures for obtaining the loan and the idealinterest rates for home loans. 3.Report your findings in 2paragraphs.
