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5405922-33715100Finance Unit Project (FOM 11)Loans and LeasingLearning GoalBeginning1Developing2Proficient3Sophisticated4I can show reasoning of the positive and negatives of loans and leases635244375I can explain detailed reasoning as to the benefits and negatives of both loans and leases-641828788900I can apply mathematical understanding to show how to find LOAN payments-6350156912I can show how to figure out loan payments and loan interest1096218882900I can apply mathematical understanding to show how to find LEASE payments-14371264127I can show how to calculate lase paymentsI can show how to find the overall payment of a lease vehicle294127214800I can reflect on the mathematical outcome17713135155I can reflect on my learning and connect it to how I might use this knowledge in my life-508013515400You are to create a folded pamphlet that includes the following information:A summary of the positives and negatives of loans and leasesWhat are the characteristics and details you are looking for in a vehicle (be specific)Find advertisements of three cars that you are interested inA USED car, and use a bank loan to pay for it (add GST only – 5%)Print off advertisementWhat bank instituteWhat are the terms of the loan?Include all the TVM calculations you need to find your payment per monthShow your total price for the car after the loan is paid offA NEW car, and use a dealership loan to pay for it (both PST and GST – 12%)Print off advertisementWhat dealershipWhat are the terms of the loan?Include all the TVM calculations you need to find your payment per monthShow your total price for the car after the loan is paid offA NEW car, and use a dealership lease to pay for it (both PST and GST – 12%)Print off advertisementWhat dealershipWhat are the terms of the lease?Include all TVM calculations you need to find your payment per monthShow your total price for the car after your buy-out42110521928400Reflect on the deals and which makes the most sense. Are you saving money? Which is realistic for you now? Is it realistic for you in the future? Due Date: ______________________________________ ................
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