Mini Project: “If I had $1,000,000” / Lottery winner

Congratulations! You’ve all won $1,000,000 each in the Random School lottery! How do you plan on spending your money? You have ____ days to research and “spend” your winnings,otherwise you do not receive the money.

Your spending must be reasonable. Buying 500,000 twoonies does not seem like a worthwhile use of this wonderful opportunity!

You need to research where you purchase the items, show math calculations (including tax), and create a detailed and informative ‘presentation’ of your work.

This year, you will be using “Prezi” to show your finished copy of your work.

OPTION 1:

YOU MUST PURCHASE:

-1 car

-1 house(including the details of the house and the cost of tax) – you may not rent, you must buy(!)

-1 university fund (you must look up the price of a 4 year term – this might be difficult!)

-1 trip outside of North America (including cost for family members)

-1 domestic or exotic pet – be mindful of where you purchase it (!)

OPTION 2

-You may create your own list of expenditures. This can include travel, stock options, etc. You must ask me for approval of this option. However, you must purchase at least 6 “things”.

MATH CALCULATIONS:

-You must calculate the tax on the item and include it in the price. The first item you buy will start at 14% tax, the second item 13%, and so on. You cannot go below 7% tax.

Other rules: If you buy $200,000 worth of gum, you need to show all of your work (product name, price per unit, etc.)

-You must buy directly from suppliers or approved sources, not from Craigslist, Ebay, etc. These sites do not give you the actual ‘market cost’ of items.

-Any money that is left over must be donated to a specific charity

FORMAT: You must create a Prezi showing images, the cost before tax, the tax amount, the total amount, and your “running total” of how much money you have left over. See Mr. Cupit’s example for assistance.

If you’re stuck: Do some internet research on “the most expensive” types of things. For example, if you really like sushi and want to spend money on it, then perhaps you should travel to the city with the best sushi and make it part of your plan.

Expensive cars:

Most expensive things:

Housing purchases (local)

ROUGH CALCULATIONS

Item / Description / Info. / PRICE PER UNIT / TAX / TOTAL PRICE / $$$ Left over
1. / 14%
2. / 13%
3. / 12%
4. / 11%
5. / 10%