Our Car!

By: Sophia, Dhriti, and Angela

The Mazda MX 5 2013

Starting price: $29,250

Deal: $2000 off before GST

Accessory one: Ipod Adapter- $519.90

Accessory two: Floor Mats- $150

Accessory three: First-Aid Kit-$31.50

Accesory Calculations

Accessory one:

Total: $29, 769.90

Percent Increase: 29, 769.90/29, 250 = 101.77% - 100% = 1.77%


Accessory two:

Total:$29, 400

Percent Increase: 29, 400/29, 250 = 100.51% - 100% = 0.51%


Accessory three:

Total:$29, 281.50

Percent Increase: 29, 769.90/29, 250= 100.1% - 100% = 0.10%

The Deal

2000$ off before GST
$29 951.40 - $2000 = $27, 951.40

Comission and Taxes

Comission: $178. 89
Delivery Tax: $338.21
Total + Delivery Tax: $27 951.40 + $338.21 = $28, 289.61
New Total + GST: $29,704.0905 = $29, 704.10
Grand Total: $29, 704.10

Monthly Payments

3 years
$29, 704.10/3 = $9, 901.36/year
First Year: $29, 704.10 - 9, 901.36 = $19, 802. 74 left to pay
Second Year: $19, 802. 74 - 9, 901.36 = $9, 901.38 left to pay
Third Year: $9, 901.38 - 9, 901.36 = $0.02 (we just rounded it away)
Interest: $853. 99