Question: PLease help answer the problems to the attached worksheets. Thank you so much Car Financing Practice EXAMPLE Car: 2013 HYUNDAI Sonata Total Price $28, 924

PLease help answer the problems to the attached worksheets. Thank you so much

PLease help answer the problems to the attachedPLease help answer the problems to the attachedPLease help answer the problems to the attachedPLease help answer the problems to the attached
Car Financing Practice EXAMPLE Car: 2013 HYUNDAI Sonata Total Price $28, 924 Tax: 6.25% of total price Registration Fees: $50.75 Title Fees: $18.50 Subtotal Down Payment: (What you will pay) $2,500 Total Financed: Interest Rate: 6% Years to be financed: 5 years Monthly Payment: Total Paid at End of Loan Period: Amount Paid in Interest: Problem 1: Car: 2018 Chevy Silverado Total Price $49, 860 Tax: 6.25% of total price Registration Fees: $50.75 Title Fees: $13.50 Subtotal Down Payment: (What you will pay) $8,000 Total Financed: Interest Rate: 2.5% Years to be financed: 5 years Monthly Payment: Total Paid at End of Loan Period: Amount Paid in Interest:$1495 Weekly Pay $980 Weekly Net Husband Income Husband $14.25 Monthly Net $2500 Hourly Pay Wife with 30 Hours per Income Wife $925 week Child Support Monthly Net Received Income Monthly Net Rent $1850 Income Electric $210 Rent $2400 Water $145 Electric $550 Cable/Internet $115 Water $155 Cell Phone $85 Cable/Internet $135 Insurance $225 Cell Phone $179 Groceries $430 Insurance $265 Gas $240 Groceries $420 Entertainment $300 Gas $180 Savings $150 Weekly Church $250 Credit Card Bills $45 Entertainment $250 College Savings $200 Savings $700 Other Car $402.50 Credit Card Bills $375 Payment Day Care $650 Child Support $770 Other Truck $705.50 Payment Total College Loan $592 Available for Car Golf Membership $275 Interest Rate You 2.5% Total Qualify For Available for Car Years for Car Loan 5 years Interest Rate You 9.5% Car Price You Can Qualify For Afford Years for Car Loan 5 years Car Price You Can AffordExamples: Weekly Net $1095 Weekly Salary $1,955 Income Husband Monthly Net Monthly Net $1900 Income Rent $2150 Income Wife Electric $370 Child Support $485 Received Water Included Cable/Internet $155 Monthly Net Cell Phone $115 Income Insurance $235 Rent $2400 Groceries $450 Electric $550 Gas $100 Water $155 $400 Cable/internet $135 Entertainment Savings $250 Cell Phone $149 Credit Card Bills $155 Insurance $265 College Savings $275 Groceries $420 Other Car $522.50 Gas $180 Payment Entertainment $250 Child Support $800 Savings $500 Monthly $450 Credit Card Bills $125 Townhouse Dues Day Care $650 Student Loan $258 Gym Membership | $150 Weekly Church $150 Car Repair Budget $120 Giving Total Total Available for Car Available for Car Interest Rate You 9.5% Interest Rate You 5.5% Qualify For Qualify For Years for Car Loan 5 years Years for Car Loan 3 years Car Price You Can Car Price You Can Afford AffordUsing the following monthly expenses, determine the price of a car that you can comfortably afford. $36585 Hourly Pay with $12.50 Annual Salary Monthly Net 40 hours per week Income Monthly Net Rent $950 Income Electric $140 Rent $650 $130 Water Included Electric Cable/Internet $130 Water 65 Cable/Internet $85 Cell Phone $95 Cell Phone Insurance $155 $59 Groceries $210 Insurance $145 Gas $165 Groceries $200 Entertainment Gas $70 $200 $100 Entertainment $150 Savings Credit Card Bills $160 Savings $80 Child Care Credit Card Bills $25 $375 Total Available for Car Total Interest Rate You 8.5% Available for Car Qualify For Interest Rate You 3.5% Qualify For Years for Car Loan 4 years Years for Car Loan 4 years Car Price You Can Afford Car Price You Can Afford

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