Car Payment Project
Victoria Scarcella & Chris Eyer
Structure #1 ~4 years
a)Per month- $375.76
b)$18,036.50
c)$2,036.50
Structure #2 ~5 year
a) Per month- $305.62
b)$18,337.12
c)$2,337.12
Structure #3 ~6 years
a) Per month- $257.68
b)$18,552.88
c)$2,552.88
Analysis Question #1
In terms of monthly payment, structure #3 is the cheapest.
Analysis Question #2
In terms of amount paid in interest, structure #1 would be the least expensive.
Analysis Question #3
In terms of amount paid in total over the life of the loan, structure #1 would be the least expensive.
Math by VictoriaScarcella16