P15. A radio advertisement for a grocery store claimed, "At other stores a
bagger gags your groceries, but at Food for Less you bag the groceries and save a
bundle."
a. Define what you think is meant by "save a bundle."
b. If a bagger earns minimim wage of $6.00/hr and bags 120 bags in an hour,
and you ship and take home 8 bags (the contents of each bag worth $85), how much
is your savings in terms of bagger wages?
c. Write your savings from part b as a percent of the cost of your
groceries.
P16. IN YOUR OWN WORDS Conduct a survey of banks, savings and loan companies,
and credit unions in your area. Prepare a report on the different types of savings
accounts available and the interest rates they pay. Include methods of payment as
well as interest rates.
P17. IN YOUR OWN WORDS Consult an almanac or some government source, and then
write a report on the current inflation rate. Project some of these results to the
year of your own expected retirement in order to determine what annual
retirement salary you will need.
P18. What is a bank debit card? Investigate and report on the advantages
and disadvantages of using a bank debit card. Some aspects to consider:
convenience, privacy, safety, record keeping, acceptance, and liability
in case of loss or theft. Individually answer these questions, and then
together, read, critique, and edit each other's work. Organize and submit
a report.
P19. Look in a local newspaper and select a home to purchase.
Write a report on necessary income, costs, and monthly payments for various
options when buying this home. You might consider some of the questions
described in the SITUATION for Section 7.6 of your textbook.
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