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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