#5

\begin{tabular}{lrr} Down Payment & & 1200 \\ Miles per month & & 750 \\ Price of Gas & & 3.75 \\ & \multicolumn{2}{c}{ My Car } \\ & $ & 35.00 \\ Insurance & $17,795.00 \\ Cost & $140.00 \\ Registration (annual) & $16,595.00 \\ 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 3.00% to 6.00% by 0.25% - Vary the Down Payment from $500 to $2,000 by $100 True or False: The Total Monthly Expenses for a 4.00% loan with $500 down is less than a 6.00% loan with $900 down? True False