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Answer questions about your updated spreadsheet.

 A  B  C 1 Rent or Buy Template 23 Description  Amount 45 Rent per year 0.006 Rent per week 75.007 Rent per day 25.008 Rent per hour 6.009 Cost of item 349.991011 Rent per year equals or exceeds cost in: 0.00 Years 12 Rent per week equals or exceeds cost in: 4.67 Weeks 13 Rent per day equals or exceeds cost in: 14.00 Days 14 Rent per hour equals or exceeds cost in: 58.33 Hours \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

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Answered 1 year ago
Answered 1 year ago
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Using the updated spreadsheet shown below in Figure 11, 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 33 days in the spring and 44 days in the fall per year.

Figure 1: Updated Spreadsheet with the new cost of item and the daily rent

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