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2 . You have never owned a car before, but after graduating from App State, you decide it is time to get your own set
You have never owned a car before, but after graduating from App State, you decide it is time to get your own set of wheels rather than asking your friends to drive you everywhere. The car you have had your sights on is a Honda Civic Si Sedan in Sonic Gray Pearl. This Honda retails for $ You have just been approved for a
month auto loan with an APR of The amount vou have saved up for a down payment on the car is $; however, after going through your finances, the maximum monthly payment you can afford is $ Without considering taxes or dealer fees. Can vou afford to purchase the Honda vou have had vour eve on What is the maximum vehicle price you can afford!
Finally, move forward years into the future ie you are now years old At age vou purchased a $ house and paid the down pavment needed to avoid paying PMI on the home loan. The mortgage you took out for your home was a year mortgage with an APR of compounded monthly. At age how much equity do vou have in vour home?
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