Rayleene is getting a loan to buy a used car from a seller. The price of the car is $8200.00. She has a down payment of $500.00 and is able to negotiate an interest rate of 5% from her bank. Rayleene is trying to decide whether to get her loan for 3 or 4 years. What is the Amount of Principal. What is the Monthly Payment for a 3 year loan & a 4 year loan. What are the Total Payments. What is the Total Cost of the Loan. Should Rayleene take her car loan out for 3 or 4 years? Why?
Rayleene is getting a loan to buy a used car from a seller. The price of the car is $8200.00. She has a down payment of $500.00 and is able to negotiate an interest rate of 5% from her bank. Rayleene is trying to decide whether to get her loan for 3 or 4 years.
What is the Amount of Principal.
What is the Monthly Payment for a 3 year loan & a 4 year loan.
What are the Total Payments.
What is the Total Cost of the Loan.
Should Rayleene take her car loan out for 3 or 4 years? Why?
Gary is buying a used car from a dealership for $15,499.00 so he needs to pay both GST and PST. His down payment is $3000.00, and he is approved for a 4.75% loan.
What is the GST.
What is the PST.
What is the Amount of Principal.
What is the Monthly Payment for a 3 year loan & a 5 year loan.
What are the Total Payments.
What is the Total Cost of the Loan.
Should Gary take his car loan out for 3 or 5 years? Why?
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