Imagine that you are planning to make a big purchase. You could be buying a car, a house, a boat, or any other item that costs many thousand dollars (feel free to be creative). Suppose you need to save 10% of the cost for a down payment, and you currently have nothing saved. You will borrow the remaining 90%. Briefly describe the item you intend to purchase, including it's cost. How much would you have to save for a down payment? Look up current interest rates on savings accounts, and provide a link. They should be easy to find with a quick internet search. At this interest rate, how much would you have to save each month to save up the down payment in an appropriate length of time (the length of time will vary depending on your purchase cost - choose a length of time that seems appropriate) Look up current interest rates for loans, and provide a link. Be sure to look up interest rates for specific types of loans if appropriate, e.g. auto loans, mortgages, home equity loans, etc. At this interest rate, what would be your monthly payment for a loan to cover the remaining 90%