#5

\begin{tabular}{lrr} Down Payment & & 800 \\ Miles per month & & 1100 \\ Price of Gas & \multicolumn{2}{c}{3.35} \\ & \multicolumn{2}{c}{ My Car } \\ & $ & 35.00 \\ Insurance & $18,000.00 \\ Cost & $185.00 \\ Registration (annual) & $17,200.00 \\ Loan Amount & 4.00% \\ Rate & \\ Loan Term in Months & & 36 \\ MPG & & 40 \\ Loan Payment & & \\ Total Monthly Expenses & & \\ without Payment & & \\ Total Cost over 4 years & & \\ (with payment) & \end{tabular} - Vary the Interest Rate from 5.00% to 8.00% by 0.25% - Vary the Down Payment from $300 to $2,000 by $100 True or False: The Total Monthly Expenses for a 5.50% loan with $1,000 down is less than a 7.50% loan with $1,100 down? True False