# data[].attributes.body
Things we learnt about from this mm task:
- CEO
- ARF
- different interest rates of different banks
- maximizing the amount of money you have to choose  the best suitable options and choices which serve all your needs. (real-world problem solving)

# data[].attributes.body
Information:
1. 5 people in the family
2. Has $50000 savings
3. $940 per month
4. Wants a new car

To consider:
1. COE
2. Taxes
3. Cost of petrol, ERP, parking
4.Maintenance/ repair
5. insurance

# data[].attributes.body
Information Given:
1) 5 people in the family
2) Has $940/month to spend on the car
3) $50,000 in hand
4) Wants a new car
5) Wants to get a loan from financial institution

Factors to consider:
-COE
-road tax
-cost of car
-monthly installment, interest rate
-cost of fuel
-cost of maintenance (fuel, servicing, fees)
-model of car
-seating capacity of car
-fuel consumption of car

# data[].attributes.body
Information Given:
- 5 people in the family
- $940 to spend on the car
- $50000 in the bank
- New car
- Car loan package for financial instituition

Inferences made from information:
- Car must be big enough to fit 5
- Car must be within budget

Things to consider:
- COE
- Petrol/ ERP/ Parking costs
- Maintenance
- Warranty
- Do not want to use up all savings as relative might need it in case anything happens

Research needed:
- Suitable loan plan that fit within budget
- Model of car needed (reasonable price

# data[].attributes.body
- number of seats: 5
- he has savings of $50000
- $940 per month
- Car must be comfortable
- Brand new
- loan plan, interest plan, warranty
- COE
- safety features
- maintenance

# data[].attributes.body
Information given:

1. Family of 5 - One Husband, One Wife and Three Children
2. Money left to spend per month after deducting all monthly expenses is $940
3. $50 000 bank savings
4. Car has to be brand new
5. Car loan has to be with relative’s budget
6. Car loan package has to be from a financial institution

Necessary research to solve problem:

Size of car based on family size

Charges included to owning a car

Debt Repayment Scheme (DRS)

Certificate of Entitlement (COE) price

PARF or COE car would be more suitable for relative

Financial institutions that offer car loans and their interest rates

Prices of various cars of different brands

Car maintenance price

# data[].attributes.body
information:
- family of 5
- savings of $ 50000
- $ 940 per month to spend
to find:
- type of car
- capacity of car
loan packages
- cost of car
- COE for car
- other car services such as costs for petrol on average, cost of car servicing and repair in the event that the car breaks down

Amanda, Celest, Sabrina, Kelly

# data[].attributes.body
Has a family of 5, including himself (Father, Mother and 3 children)

Has approximately $940 to spend on the car per month (after deducing monthly expenses)

Has a savings of $50 000 in the bank

Max Loan tenor

Interest rate

Cost of car

Number of seats

Type of car

# data[].attributes.body
Information about the task we will use:

$940/month includes petrol (if we want then car park fees)

Car that fits at least 5 people (assume max no. of ppl in car when whole family goes out together)

calculate how often car is used (take in dist work to home, etc)

Average amount of money a family spends(mediocre) - $4000

Average car-parking fee - google

To find:

suitable loan packages

how long he needs to pay off his loan

# data[].attributes.body
Important information about the task:
-$940 a month to pay off his loan
_$50000 in his bank that can be spent on the car
-Amount of time needed to pay off the loan
-Car to be bought (cheap)
Size (5 seater or more) type (brand), first or second hand.
-Suitable loan package, monthly instalment, and interest rate.
Cost of petrol
Plan B

# data[].attributes.body
p

# data[].attributes.body
He has $940 a month to spend

He has $50 000 in his bank

Various loan schemes and requirements

Type of car and price (2nd hand)

Size of car/ number of seats

COE

Petrol

Interest rate

Discounts

Insurance

Relative’s financial status and loan eligibility

Monthly installments