Question
Can you please just check my answers? I think my grand total is incorrect so I would like another set of eyes to check! Car
Can you please just check my answers? I think my grand total is incorrect so I would like another set of eyes to check!
Car Calculations Worksheet Directions Descriptions and work space Fill this column with your numbers. # 1 Record your Cars Make, Model and Year: Make: Toyota Model: 4Runner Year: 2009 List price of Car: $11,995 # 2 Down payment: (10 %) $1,199.50 # 3 N.C. Highway Use Fee: (3% of list price) $359.85 # 4 Total amount to be financed: $11,155.35 # 5 Interest rate: __4.25%___ and length of loan: ___60 months__ Source: State Employees Credit Union Leave Blank # 6 Monthly Payment: $207 Total Installment Price: $13,619.50 Finance Charge: $1,624.50 Yearly amount: $2,484 # 7 Insurance costs (yearly): $1,500 # 8 Department of Motor Vehicles fee (yearly): $28 # 9 Total maintenance costs (yearly): (they didnt have the year I chose listed which was a 2009 so I chose the oldest year which was 2014 to base this question off of) $1,016 # 10 Fuel costs (yearly): $ 1784 (rounded to next whole dollar) # 11 County taxes (yearly): $97.84 # 12 City taxes (yearly): $52.42 # 13 Grand Total (yearly): (the sum of yearly payments, insurance, DMV fee, maintenance, fuel, and taxes) (used same info from #9) $6,962.26 # 14 Super Grand Total (over entire length of loan): (Grand Total *# years of loan, plus down payment) $
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