Hot Wheels Assignment

Gia De Choudens, Hour 7

Yearly/Monthly Payments-Salary: $30,000

Taxes: $75,000/ $625

Housing: $10,500/ $875

Food: $4,500/ $375

Savings: $1,500/ $125

Transportation:

Payment: $3,000/ $250

Other: $1,500/ $125

Medical: $900/ $75

Miscellaneous: $600/ $50

Car Payment- Yearly/Monthly: $1,125/ $93.75

3 Year Plan: $3,187.37

4 Year Plan: $4,172

5 Year Plan: $5,121.85

2004 Jeep Grand Cherokee: $3,900

Monthly Payments

3, 4, and 5 Year plans:

3 Year: $114.71 (more than I can afford)

4 Year: $87.62

5 Year: $71.38

I chose the 5 Year Plan:

Total amount paid: $4,282.80