Goal To determine the best practical way to purchase a car with the funds that you...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Goal To determine the best practical way to purchase a car with the funds that you have. Role You have just graduated from high school and will need a used car to get to your local college classes. Audience Choosing the right car will help you continue your education at a local college. A car will also help your family members, who are currently giving you rides to and from your part time job. Situation After opening your graduation cards from friends and family, you found yourself with $2000.00 in cash. You have also been saving money from your part time job and have a savings of $1,365.00. You will need to research your local ads to find a car that is right for you. Performance Task Not only must you determine how much you want to spend on a car, but you need to make sure that car is in the right condition for you. Research your local ads in the newspaper or online (there are lots of websites with local car ads). Complete the following list when doing your research: 1.) What is the total miles on the car? 2.) What is the year and make of the car? 3.) Is there a warranty? If so, for how long? 4.) Will you be paying cash or are you going to finance the car? 5.) If you are going to finance the car, how much will your monthly payments be? 6.) What is the blue book value of the car? 7.) What is the cost of tires for this particular car? 8.) How many miles to the gallon does the car get? 9.) What kind of insurance will you get this car? 10.) What will be your monthly payments for insurance? Goal To determine the best practical way to purchase a car with the funds that you have. Role You have just graduated from high school and will need a used car to get to your local college classes. Audience Choosing the right car will help you continue your education at a local college. A car will also help your family members, who are currently giving you rides to and from your part time job. Situation After opening your graduation cards from friends and family, you found yourself with $2000.00 in cash. You have also been saving money from your part time job and have a savings of $1,365.00. You will need to research your local ads to find a car that is right for you. Performance Task Not only must you determine how much you want to spend on a car, but you need to make sure that car is in the right condition for you. Research your local ads in the newspaper or online (there are lots of websites with local car ads). Complete the following list when doing your research: 1.) What is the total miles on the car? 2.) What is the year and make of the car? 3.) Is there a warranty? If so, for how long? 4.) Will you be paying cash or are you going to finance the car? 5.) If you are going to finance the car, how much will your monthly payments be? 6.) What is the blue book value of the car? 7.) What is the cost of tires for this particular car? 8.) How many miles to the gallon does the car get? 9.) What kind of insurance will you get this car? 10.) What will be your monthly payments for insurance?
Expert Answer:
Answer rating: 100% (QA)
To determine the best practical way to purchase a car with the funds you have follow these steps 1 Research Local Ads Look through newspaper classifie... View the full answer
Related Book For
Posted Date:
Students also viewed these finance questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
importance of workalike balance for women as a leader in healthcare. 1. The purpose of the research; 2. Research question/s; 3. Findings and relevant data; 4. Any recommendations and; 5. The...
-
In Exercises 1318, find the average rate of change of the function from x 1 to x 2 . f(x) = 3x from x 0 to x = 5
-
Who are the four primary stakeholder groups that influence strategic decisions in a company? Discuss.
-
A router is used to cut locating notches on a printed circuit board. The vibration level at the surface of the board as it is cut is considered to be a major source of dimensional variation in the...
-
A sleeve bearing machine on a closed loop oil pumped lubrication system has bearing clearances that are close to specification, yet there is a vibration at exactly 1/2 operating speed. What can be...
-
SunTrust Banks owns a large block of Coca-Cola Company (Coke) common stock that it has held for many years. SunTrust indicates in a note to its financial statements that all equity securities held by...
-
Discuss the regulatory frameworks governing Process Safety Management in different regions (e.g., OSHA's PSM standard in the United States, Seveso Directive in Europe). How do these frameworks...
-
Greta commences trading on 1 January 2016 and chooses 30 June as her annual accounting date. Her first accounts are made up for the 18 months to 30 June 2017 and show an adjusted trading profit of...
-
Simplify. 2 16-x 3x 20+5x 4
-
Your answer is partially correct.Prepare the required journal entry, if any, for the total amount that is charged as an expense for 2 0 2 3 for the cost ofminerals sold during 2 0 2 3 . ( Credit...
-
Brushes produces a premium hairbrush. Total manufacturing costs are $ 2 0 0 comma 0 0 0 $ 2 0 0 , 0 0 0 when 1 5 comma 0 0 0 1 5 , 0 0 0 brushes are produced. Of this amount, total variable costs are...
-
op oil exporter Saudi Arabia is expected to hike its prices for all crude grades it sells to Asia-Pacific in November/December 2019 after an attack on its oil facilities led to a spike in Middle East...
-
Solve the equation log 2 ( 4 - x ^ 2 ) - log 2 ( x + 1 ) = 2
-
What I should do to gain a big amount of money? and what can I do to improve the world condition and involved in that movement? do you think gaining a master's in Europe is necessary to do that?
-
Is it a breach of fiduciary duty for a director of a real estate investment trust (REIT) negotiating a joint venture on behalf of the REIT with another director for the development of a portfolio of...
-
Charlie Plopp sells used construction equipment in a quiet Oklahoma town. He has run short of cash and needs to raise money quickly by selling an old bulldozer. If he doesnt sell his bulldozer to a...
-
Citizens of Zephyronia consume only two goods and do not trade with the outside world. There is a fixed supply of labor in Zephyronia, which can be applied to production of either good. Good 1 is...
-
Calculus 4.12 (0) Joe Bob has a utility function given by u(x 1 , x 2 ) = (a) Compute Joe Bobs marginal rate of substitution: MRS(x 1 , x 2 ) =____ (b) Joe Bobs straight cousin, Al, has a utility...
-
In 2022, Mark purchased two separate activities. Information regarding these activities for 2022 and 2023 is as follows: The 2022 losses were suspended losses for that year. During 2023, Mark also...
-
In 2023, Julie, a single individual, reported the following items of income and deduction: Julie owns 100% and is an active participant in the rental real estate activity. What is her taxable income...
-
Jerry sprayed all of the landscaping around his business with a pesticide in June 2023. Shortly thereafter, all of the trees and shrubs unaccountably died. The FMV and the adjusted basis of the...
Study smarter with the SolutionInn App