Mathematics Homework Help

MATH 1332 Northwest Vista College Car Buying Project

 

  • pick a car, motorcycle or truck that you would like to buy someday
  • determine the price of the vehicle with all the extras you want
  • make-up a down payment figure
  • find two different lending companies and report the terms of the loan (rate and length of time in months
  • Calculate the monthly payments and how much interest you will have paid over the length of the loan (you can use any online finance calculator, such as Calculator Soup Auto Loan Calculator (Links to an external site.)
  • compare the monthly payments and amount of interest paid. Which lending company would you choose? Why? (There is no one right answer)