Hot Wheelz
Will Romey
Salary: $40,000
Yearly/Monthly Budget
Taxes: $14,000/1,166.66Housing: $10,000/833.33
Food: $6,000/500
Savings: $2,000/166.66
Transportation:
Payment: $4,000/333.33
Other: $2,000/166.66
Medical: $1,200/100
Misc.: $800/66.66
What Can I Afford?
3 year: $11,332.78
4 year: $14,836.19
5 year: $18,210.85
Minimum Monthly Payments
3 year: $441.13
4 year: $336.96
5 year: $274.52
I chose a 5 year loan therefore I will pay $16,471.20 over the coarse of the loan.
Extra Credit Answer: $1,984.4 less with the rebate.