Assessment: Buying a Car A consumer is considering two different purchasing options for the car of their choice. The first
option, which is leasing, is described by the equation 250x - y + 4000 = 0 where x represents the
- number of months of ownership and y represents the total paid for the car after 'x' months. The
second option, which is the financing option, will cost $400 for 0 months of ownership, (0,400),
and $4400 for 10 months of ownership, (10, 4400).
Part A:
Find the equations, in slopely-intercept form, for each of the purchasing options. Explain the significance
of the slope and y-intercept for each purchasing option.
Part B:
Graph each equation on the same set of axes and compare. Under what conditions is each purchasing
option the best choice? Be sure to provide a thorough answer. Use detailed information from your graph
to back up your choices.