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Use the following table to collect all of the relevant information (Please be sure to fill out the table on your project): Car Price: Sales
Use the following table to collect all of the relevant information (Please be sure to fill out the table on your project): Car Price: Sales Tax (6.25%): Down Payment: Fees (Title, Reg.): S600 Loan Amount: Annual % Rate: 2.99% Length of Loan: 5 Years Monthly Car PMT: Monthly Car Insurance PMT: $100 Est. Monthly Veh. Exp.: (a) Calculate the sales tax you will need to pay, assuming you are buying it in Massachusetts (which has a 6.25% sales tax rate). (e) Based on the car price, calculate the amount of the 20% down payment you should have. (f) The average cost of fees in Massachusetts is about $600 dollars - which includes the cost to register the car and documentation fees Calculate the loan amount for the car by adding the sales tax amount, and fees to the car price, and then subtracting out the down payment from the previous part. Use the following table to collect all of the relevant information (Please be sure to fill out the table on your project): Car Price: Sales Tax (6.25%): Down Payment: Fees (Title, Reg.): S600 Loan Amount: Annual % Rate: 2.99% Length of Loan: 5 Years Monthly Car PMT: Monthly Car Insurance PMT: $100 Est. Monthly Veh. Exp.: (a) Calculate the sales tax you will need to pay, assuming you are buying it in Massachusetts (which has a 6.25% sales tax rate). (e) Based on the car price, calculate the amount of the 20% down payment you should have. (f) The average cost of fees in Massachusetts is about $600 dollars - which includes the cost to register the car and documentation fees Calculate the loan amount for the car by adding the sales tax amount, and fees to the car price, and then subtracting out the down payment from the previous part
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