Exponential Functions

Hot Wheels

How much a person with a $100,000 annual salary can spend on a car?
Including the spending this person has on housing, taxes, transportation, food, savings, medical, and miscellaneous.
Having $10,000 yearly / $833.33 monthly to spend on the car, with an interest of 3.75%, this is what this person can afford.

3 years
→ $28332.14
4 years → $37090.70
5 years → $45527.41
Big image

2015 Kia Sorento LX

$23,998

Miles 9K
Drive 4WD
Trans Automatic
MPG 19/25
Exterior Silver
Interior Gray
Stock# 11606542

Convenience Package, Front Seat Heaters, 4WD/AWD, Auxiliary Audio Input, Rear View Camera, Cruise Control...

http://www.carmax.com/enus/view-car/default.html?id=11606542&AVi=27&No=20&Rp=R&D=50&zip=66204&sP=22000-24000&ASTc=2015%20kia%20sorento%20lx&Q=17fdc888-1c0e-49b6-81a5-b63da8976d4c&Ep=search:results:results%20page

Monthly / Yearly Payments

3 years → $705.85 / $25,410.6
4 years → $539.17 / $25,880.16
5 years → $439.26 / $26,355.6

Final Payment

Choosing 3 years loan, this person will spend $25,410.6 in total, on the car.