Financial Advice
Teresa Alexander is expecting an outstanding career in the American Basketball League, but she needs advice about her salary. The team that drafted her is anxious to get her to sign a contract with them, so they offered her a choice of three salary options.
Option A: Five cents for the first game, but overall earnings triple for each additional game played. This means that she will make…
$0.05 for 1 game
$0.15 if she plays 2 games
$0.45 if she plays 3 games etc.
Option B: $10 for her first game, but her overall earnings double for each additional game played. This means that she will make…
$10 for 1 game
$20 if she plays 2 games
$40 if she plays 3 games etc.
Option C: A flat rate of $100,000 per game. This means that she will make…
$100,000 for 1 game
$200,000 if she plays 2 games
$300,000 if she plays 3 games etc.
Teresa is a brilliant basketball player, and she prefers to leave her financial matters to her agent, but she likes to be convinced that she is receiving good advice. Your job is to give her advice about which offer to accept and to provide her with enough justification to convince her that your advice is sound.
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Math Scoring Guide |
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| Name: ________________________ | Period: ____ | |||||
| Teacher: ______________________ |
Date: ___/____/___ |
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| CU - Conceptual Understanding | 1 | 2 | 3 | 4 | 5 | 6 |
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| PS - Processes & Strategies | 1 | 2 | 3 | 4 | 5 | 6 |
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| V - Verification | 1 | 2 | 3 | 4 | 5 | 6 |
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| C - Communication | 1 | 2 | 3 | 4 | 5 | 6 |
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| ACC - Accuracy | 1 | 4 | 5 | |||
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| ___ May be revised and returned for an improved score. | ||||||