Im unsure on what to put or how to do the part that says "Next, solve the system algebraically...."
Next, solve the system algebraically. What is the number of months at which the two cars break even? If the number of months is a negative number, then the two cars will never be the same. (After all, you can't go back in time). Therefore, there is no break-even point. Introduction: Formulas, systems of equations and graphs are powerful tools used in everyday life, For this project, you will use your math skills to research and compare two similar cars. OK: Let's get started. CONGRATULATIONSI You have gotten your education, have a full time job and are ready to buy a nice car. You need to make a decision about what car to purchase based on the TOTAL cost of owning and driving the car over five years. Which car is the best overall bargain? Will they ever breok even? Let's do some research and find out. Step 1: Select two cars that you wish to compare. Choose something YOU would want to purchase. You can buy new or used, but they must be within $5000 of each other, and no more than 3 years old. Research the cars online. Find a good deal. For both cars, note the year, make and model, purchase price, and average gas mileage (mean of the city and highway MPG). I would not recommend you choose a very expensive or exotic car as your research will become rather difficult. Step 2: Next, you need to figure how much it would cost to purchase each car. You will need to make a 15% down payment. The rest will be financed over 5 years at 6.5% interest. Calculate the amount of the down payment and the monthly payment. There are a number of loan calculators online that will calculate the monthly payment for you. Step 3: Now you need gat. Ure the mpg of each car to calculate vour werase monthly fuel cast. Assumn that you will drive 1,000 milles per mionth and that gat will average 52 . BS per gallon: (1,000+APOG)$285 Car 1 Car 2 Step 4: You can't drive without insurance. You will need to get a quote for insurance for both of your cars. The website for The General Insurance will give an anonymous quote without vou having to provide any information. www, thegeneralicom. Since for this project you are starting out in your career, state that you are 23 years old and have good credit. I would not recommend using any site or calling any agent for which you will need to provide your real information. Some quotes are for either 6 months or one year, so be sure fo convert to monthly. Car1 Step 5: You need to maintain the car for 5 years. Use Edmonds, Kelly Blue Book or any other site to look up the maintenance costs for your cars. Use the 5 vear total and convert to monthly. Car 1: 5gr=3,240car2 Monthly maintenance: Monthly maintenance: (0).15 Total cost per month: Car1 Car 2 775.25 806.8 Now that you've done your research, it's time to analyze the results. Add up the total monthly cost for each car. Set up a function to calculate the cost based on months. Car 1: Car 2: 17[5m+9y=00 c=606.80con+4408.50 The functions for the two cars together form a system of equations. Graph your results: You will need to create a linear graph of your functions displaying the cost over a period of 5 vears Since this is a system, both functions are placed on the same graph input months to plot points. During the five year period, did the two cars ever "break even"? If yes, then at how mamy months and at what cost? Next, solve the system algebraically. What is the number of months at which the two cars break even? If the number of months is a negative number, then the two cars will never be the same. (After all, you can't go back in time). Therefore, there is no break-even point. There is no break even point. Finally, use your function to calculate the TOTAL amount of money you paid for each car after 5 years (60 months). Which car had the highest overall cost? Now, you can make a decision: Which car do you choose? c=(monthiycoos)775.25m+dcowmpayment)3852.910.n which c is monthly cost and m is number of months. Next, solve the system algebraically. What is the number of months at which the two cars break even? If the number of months is a negative number, then the two cars will never be the same. (After all, you can't go back in time). Therefore, there is no break-even point. Introduction: Formulas, systems of equations and graphs are powerful tools used in everyday life, For this project, you will use your math skills to research and compare two similar cars. OK: Let's get started. CONGRATULATIONSI You have gotten your education, have a full time job and are ready to buy a nice car. You need to make a decision about what car to purchase based on the TOTAL cost of owning and driving the car over five years. Which car is the best overall bargain? Will they ever breok even? Let's do some research and find out. Step 1: Select two cars that you wish to compare. Choose something YOU would want to purchase. You can buy new or used, but they must be within $5000 of each other, and no more than 3 years old. Research the cars online. Find a good deal. For both cars, note the year, make and model, purchase price, and average gas mileage (mean of the city and highway MPG). I would not recommend you choose a very expensive or exotic car as your research will become rather difficult. Step 2: Next, you need to figure how much it would cost to purchase each car. You will need to make a 15% down payment. The rest will be financed over 5 years at 6.5% interest. Calculate the amount of the down payment and the monthly payment. There are a number of loan calculators online that will calculate the monthly payment for you. Step 3: Now you need gat. Ure the mpg of each car to calculate vour werase monthly fuel cast. Assumn that you will drive 1,000 milles per mionth and that gat will average 52 . BS per gallon: (1,000+APOG)$285 Car 1 Car 2 Step 4: You can't drive without insurance. You will need to get a quote for insurance for both of your cars. The website for The General Insurance will give an anonymous quote without vou having to provide any information. www, thegeneralicom. Since for this project you are starting out in your career, state that you are 23 years old and have good credit. I would not recommend using any site or calling any agent for which you will need to provide your real information. Some quotes are for either 6 months or one year, so be sure fo convert to monthly. Car1 Step 5: You need to maintain the car for 5 years. Use Edmonds, Kelly Blue Book or any other site to look up the maintenance costs for your cars. Use the 5 vear total and convert to monthly. Car 1: 5gr=3,240car2 Monthly maintenance: Monthly maintenance: (0).15 Total cost per month: Car1 Car 2 775.25 806.8 Now that you've done your research, it's time to analyze the results. Add up the total monthly cost for each car. Set up a function to calculate the cost based on months. Car 1: Car 2: 17[5m+9y=00 c=606.80con+4408.50 The functions for the two cars together form a system of equations. Graph your results: You will need to create a linear graph of your functions displaying the cost over a period of 5 vears Since this is a system, both functions are placed on the same graph input months to plot points. During the five year period, did the two cars ever "break even"? If yes, then at how mamy months and at what cost? Next, solve the system algebraically. What is the number of months at which the two cars break even? If the number of months is a negative number, then the two cars will never be the same. (After all, you can't go back in time). Therefore, there is no break-even point. There is no break even point. Finally, use your function to calculate the TOTAL amount of money you paid for each car after 5 years (60 months). Which car had the highest overall cost? Now, you can make a decision: Which car do you choose? c=(monthiycoos)775.25m+dcowmpayment)3852.910.n which c is monthly cost and m is number of months
