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Math of Finance

Page history last edited by PBworks 15 years, 2 months ago

Mrs. Hughes - Pre Calculus Research Project

 

1. Find a new or used car or truck that you would like to purchase when you graduate from high school. The vehicle you select must be practical for your purposes and cost between $10,000 and $24,000.

 

Web sources:

 

Autotrader

http://www.autotrader.com/

 

Cars.com

http://www.cars.com/go/index.jsp

 

Edmunds

http://www.edmunds.com/index.html

 

 

 

 

2. Calculate a 10% cash down payment and what the balance owed (amount of loan) on the vehicle would be. From on of the sites given, find a loan for the balance due.

 

Loan sites:

 

Basic Loan Calculator from Edmunds

http://www.edmunds.com/apps/calc/CalculatorController?pmtcalAction=basic_calc

 

Auto Loan Rates from Bankrate

http://www.bankrate.com/brm/rate/auto_home.asp

 

Auto Loan Advice from Lending Tree

http://www.lendingtree.com/auto-loans/advice/

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