Car Financing Project by Kaitlyn Filadelfo

kkfil92 — 2014-08-26 19:46:10 UTC

By:

Kaitlyn Filadelfo-All 3 problems and designed page

Neri Duarte-All 3 problems and typed Option #3

Aaliyah English-All 3 problems and typed Option #1

Alyssa Edwards-All 3 problems and typed Option #2

Option #1:

kkfil92 — 2014-08-26 20:29:49 UTC

PV=PMT {1-(1-i)^-n

i

kkfil92 — 2014-08-26 20:35:08 UTC

2100=PMT {1-(1+.029/12)^(-4*12) =45.26902915 or 45.2690

.029/12
21,000 =PMT 45.2690
45.2690 45.2690
PMT= $463.89 a month

kkfil92 — 2014-08-26 20:38:42 UTC

Total expenses: $22,266.89

Total expenses after down payment is added: $24,766.89

kkfil92 — 2014-08-26 21:08:26 UTC

PV=PMT {1-(1-i)^-n

i

kkfil92 — 2014-08-26 21:09:33 UTC

1900=PMT{1-(1+0.055/12)^(-4*12)

0.055/12
19,00 =PMT 42.9988
42.9988 42.9988
PMT= $441.87

kkfil92 — 2014-08-26 21:14:23 UTC

Total expenses: $21, 209.89

Total expenses after down payment is added: $23, 709.89

kkfil92 — 2014-08-26 21:15:46 UTC

PV=PMT {1-(1-i)^-n

i

kkfil92 — 2014-08-26 21:16:10 UTC

20000=PMT {1-(1+0.04/12)^(-4*12)

0.04/12
2000 =PMT 44.2888
44.2888 44.2888
PMT= $451.58 a month

kkfil92 — 2014-08-26 21:19:07 UTC