Assignment & Directions
You have inherited one million dollars! According to the will, before you can receive your inheritance you must submit a detailed plan accounting for the use of the money. Here is what your plan must include:
- Set aside money to attend college
- Purchase a home
- Purchase a vacation
- Purchase a vehicle
- Make one charitable donation
You may not spend more than a million dollars but you want to spend as much of it as possible. Your time is valuable. Use the Internet wisely- you may only use the websites listed below! Any inappropriate browsing will be fined $10,000 per infraction. You may only purchase one of each item. Each purchase will require a check payment with your signature. Record your purchases and total costs on your check register. Be sure to calculate your new total after each purchase. See the example below.
Put at least $75,000 aside for college education. Research the cost of the education for ONE year at your favorite university and then calculate it against how many years it will take you to achieve your degree. Add in 10% to cover inflation, books and other expenses related to education.
Be sure to calculate the cost of TUITION and the cost of ROOM AND BOARD!
Ohio State University:
University of Iowa:
University of Illinois:
Purchase a home that is NO MORE than $300,000. Research various homes in locations that you would like to live. Find the home that you feel is PERFECT for you. Screen shot the specs from the home along with a picture of your new home. Use the link below to help you research a home and find the cost.
Plan and pay for a family vacation using Apple Vacations. This vacation is for your family to take together this coming summer. Be sure to include hotel, airfare, meals, transportation, and spending money. If you locate a web page with details about the cost of your vacation, save a screen shot.
Purchase a vehicle. Using edmunds.com, find a car or vehicle (no motorcycles) that is to your liking and screen shot the web page with the specs for the car.
Make one charitable donation. Think of the people and services in your own community or greater world. How could your charitable donation affect them? Browse the website below and choose a charity you would like to donate to by searching for a key word for example, "animals" or an exact charity name for example, "Feed My Starving Children."
Sharing Your Project
Now that you've done all your research and have calculated your total costs, you're ready to share your plan. Create a 5 page keynote on your iPad. One keynote page should be for each of your purchases: college, home, car, vacation, and charity. One your page list the details:
- title (name of college, address of house, make and model of car, vacation destination, charity name)
- detail (what does your purchase include)
- total cost of purchase
- picture or screen shot
Your final slide will include a pie chart showing the breakdown of how you spent your money. (We will learn how to create this final slide in class together.)
Million Dollar Project Packet
If you lose your packet, here is another copy for you to print!