Given what you just learned about credit cards, you have started thinking it might be better to buy a new car
rather than get a credit card. you go to a local car lot and find the perfect new car with everything you want
it costs $32,000, you only have $2,000 in cash. you will need to get a loan for 530,000 depending on your
credit, you can either get a loan for 0% interest, 5% interest, or 10% interest.
1 do a google search for interest rate calculator and find out what your monthly payment will be on a five
year loan. (divide payment total by 60 months to figure out the monthly payment) write it here for each
interest rate
5%
саl you теите по изтек
10%
2. how much additional money will you have to pay in addition to the $30,000 you are borrowing? if you
lase the loan calculator from bankrate. com, it shows you how much money you are spending in interest
0%
10%
or 10, would you buy the war or get a credit card and pay
13. if you were only able to get a loan for s
the engine repairs? explain why