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.