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    Final Part 1

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    api-288071703
    The document provides financing options for two different vehicles - a 2014 Dodge Challenger and a 2011 Chevrolet Camaro. For each vehicle, it lists the purchase price and details four financing plans with varying lengths (36 or 48 months) and interest rates (5% or 20%). For each plan, it specifies the monthly payment amount, total amount paid over the life of the loan, and total interest paid.

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    Final Part 1

    Uploaded by

    api-288071703
    17 views4 pages
    The document provides financing options for two different vehicles - a 2014 Dodge Challenger and a 2011 Chevrolet Camaro. For each vehicle, it lists the purchase price and details four financing plans with varying lengths (36 or 48 months) and interest rates (5% or 20%). For each plan, it specifies the monthly payment amount, total amount paid over the life of the loan, and total interest paid.

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    final part 1

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    The document provides financing options for two different vehicles - a 2014 Dodge Challenger and a 2011 Chevrolet Camaro. For each vehicle, it lists the purchase price and details four financing plans with varying lengths (36 or 48 months) and interest rates (5% or 20%). For each plan, it specifies the monthly payment amount, total amount paid over the life of the loan, and total interest paid.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    17 views4 pages

    Final Part 1

    Uploaded by

    api-288071703
    The document provides financing options for two different vehicles - a 2014 Dodge Challenger and a 2011 Chevrolet Camaro. For each vehicle, it lists the purchase price and details four financing plans with varying lengths (36 or 48 months) and interest rates (5% or 20%). For each plan, it specifies the monthly payment amount, total amount paid over the life of the loan, and total interest paid.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 4

    Choice 1

    Maker of Car
    Model of Car
    Year of Car
    Mileage

    Dodge
    2014 Dodge Challenger
    2014
    15/25
    Sales Price
    Down Payment
    Subtotal-Finance Price
    Tax&Lincese

    $28,998
    $5,799.6
    $23,198.4
    $2,899.8

    Balance to Finance

    $26,098.2

    36 Months @ 5%
    Payment for 36 Months

    $794.18

    36 Months @ 20%
    Payment for 48 Months

    $969.90

    48 Months @ 5%
    Payment for 48 Months

    $601.02

    48 Months @ 20%
    Payment for 48 Months

    $648.56

    Total Paid
    Interest Paid

    $28,590.40
    $2,492.20

    Total Paid
    Interest Rate

    $34,916.49
    $8,818.29

    Total Paid
    Interest Paid

    $28,849.11
    $2,750.9

    Total Paid
    Interest Paid

    $31,130.75
    $5,032.6

    Choice 2
    Maker of Car
    Model of Car
    Year of Car
    Mileage

    Chevrolet
    2011 Chevrolet Camaro LT 2D Coupe
    2011
    18/29 MPG
    Sales Price
    Subtotal-Finance Price
    Tax&Lincese

    $22,599
    $4,519.8
    $18,079.2
    $2,259.9

    Balance to Finance

    $20,339.1

    36 Months @ 5%
    Payment for 36 Months

    $618.93

    36 Months @ 20%
    Payment for 48 Months

    $755.87

    48 Months @ 5%
    Payment for 48 Months

    $468.40

    48 Months @ 20%
    Payment for 48 Months

    $503.05

    Total Paid
    Interest Paid

    $22,281.34
    $1,942.24

    Total Paid
    Interest Rate

    $27,211.46
    $6,872.36

    Total Paid
    Interest Paid

    $22,482.97
    $2,143.9

    Total Paid
    Interest Paid

    $24,146.59
    $3,807.5

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