Hot Wheelz

Hour 5 Algebra 2

Salary: $65,000

Yearly and Monthly Budget

Yearly:

Taxes- $16,250

Housing-$22,750

Food- $9,750

Savings- $3,250

Transportation:

Payment- $6,500

Other- $3,250

Medical- $1,950

Miscellaneous- $1,300

Monthly:

Taxes- $1,354.17

Housing- $1,895.83

Food- $812.50

Savings- $270.83

Transportation:

Payment- $541.67

Other- $270.83

Medical- $162.5

Miscellaneous- $108.33

Car Payment

Yearly- $6,500

Monthly- $541.67

What can I Afford?

3 Year- $18,416.07


4 Year- $24,109.20


5 Year- $29,593.12

The Nissan Altima I found costs $8,178

Monthly Payment Options

3 Year- $240.54 (within budget)


4 Year- $183.74 (within budget)


5 Year- $149.69 (within budget)

What will I ACTUALLY spend on the car over the course of the loan.

I chose a 3 year loan therefore, I will pay $8,659.44 over the course of the loan.