Independence Day

by

Joe Marusa

Task

You and your two roommates have $3000 in cash and $4000 in credit, making $7000 all together to spend on furniture, appliances, and entertainment items.  Each person in the group will be responsible for finding at least ten items and their prices in his or her category that you as a group will consider buying for your residence.  You will then decide as a group what to spend your money on.  You will spend as much of the $7000 as possible without exceeding this limit.  You must choose to buy some items on credit for this exercise.  The group will conduct a four to seven minute presentation in front of the class explaining their purchases.  Also, the group will present a word processed report to the teacher, single, 1.5 or double spaced with 1” margins and a 12 point legible, professional looking font.  Each group member will put his or her name on the report along with his or her department (furniture, appliances, or entertainment items).  This report will include the original lists of considered items for each category with prices, the items chosen to buy, and the total amount of money spent.  You will also calculate the interest owed after six months on the items purchased with credit and include that in your report.  The report should be proofread and be free of spelling and grammar errors.