Career Project Day 3 - 6/5
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Last updated over 1 year ago
4 questions
1. More Bills?!—Surprise, surprise, you have to be able to pay for your new car! Most people take out loans that they pay back every month in order to afford a car.
a. Go to bit.ly/Cars2027 to open the loan calculator.
b. Enter the Vehicle Price that you got from Cars.com
c. Leave Down Payment and Trade-In Value as $0.
d. Enter 9% for Sales Tax
e. Leave APR as 7%
f. Change the Term to how long you want to have the car for. (48 months = ___________ years)
g. Complete this calculation for each car you are interested in.
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Final Answer—Now that you know how much you would need to pay for each car each month, decide on the car you want to purchase!
The car I want to buy:
Final Answer—Now that you know how much you would need to pay for each car each month, decide on the car you want to purchase!
The car I want to buy:
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My monthly car payment is:
My monthly car payment is:
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The money I have at the end of each month (after bills, rent, and car payments):
The money I have at the end of each month (after bills, rent, and car payments):
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Great Job!—You did it! You’re basically an adult now. If you have any other questions related to money, jobs, etc., write them down in the space below and ask Mr. E.
Great Job!—You did it! You’re basically an adult now. If you have any other questions related to money, jobs, etc., write them down in the space below and ask Mr. E.