## Related questions with answers

Answer questions about your updated spreadsheet.

$\begin{array}{|r|l|c|c|} \hline & {\text { A }} & \text { B } & \text { C } \\ \hline 1 & {\text { Rent or Buy Template }} \\ \hline 2 & {} \\ \hline 3 & \text { Description } & \text { Amount } & \\ \hline 4 & & & \\ \hline 5 & \text { Rent per year } & 0.00 & \\ \hline 6 & \text { Rent per week } & 75.00 & \\ \hline 7 & \text { Rent per day } & 25.00 & \\ \hline 8 & \text { Rent per hour } & 6.00 & \\ \hline 9 & \text { Cost of item } & 349.99 & \\ \hline 10 & {} \\ \hline 11 & \text { Rent per year equals or exceeds cost in: } & 0.00 & \text { Years } \\ \hline 12 & \text { Rent per week equals or exceeds cost in: } & 4.67 & \text { Weeks } \\ \hline 13 & \text { Rent per day equals or exceeds cost in: } & 14.00 & \text { Days } \\ \hline 14 & \text { Rent per hour equals or exceeds cost in: } & 58.33 & \text { Hours } \\ \hline \end{array}$

If you rented the ladder for 3 days in the spring and 4 days in the fall of a year, how many years it would take for the total rental payments to equal the purchase price?

Solution

VerifiedUsing the updated spreadsheet shown below in Figure $1$, let us find the total number of years it would take for the total rental payments to equal the purchase price if the ladder will only be rented for $3$ days in the spring and $4$ days in the fall per year.

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