Car Payment Project

Victoria Scarcella & Chris Eyer

Structure #1 ~4 years

a)Per month- $375.76

b)$18,036.50

c)$2,036.50

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Structure #2 ~5 year

a) Per month- $305.62

b)$18,337.12

c)$2,337.12

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Structure #3 ~6 years

a) Per month- $257.68

b)$18,552.88

c)$2,552.88

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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.

VictoriaScarcella16

Math by VictoriaScarcella16