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 $90\%.$ Again, you will need to choose an appropriate length of time for your loan depending on how big it is$.$