Consumer Math Independent Study



Name______________________________________________________________Date__________Calculating Car Loan PaymentsUse your car comparison sheet to complete this worksheet. After choosing the car you did, what is the total price of the car?Visit the following website: in the price of the car, make sure that all other spaces with a $ sign are at 0. The tax % rate should be 0. The interest rate and monthly payments will vary as you complete the table. To find the Total Finance Charge: Take the “Total Cost of Loan” and subtract it from the price of the car.Describe what you notice happening in the table. Since 0% interest on a loan is next to impossible to find, what is the next best option? Include interest rate and # of months for the loan. Use a separate sheet to provide a reasonable answer. ................
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