Chapter 6 Project Math & Buying a Car Math & Buying a Car
Chapter 6 Project Math & Buying a Car 273
Math & Buying a Car
PROJECT: How Much Car Can I Afford?
1. Use the How Much Car Can I Afford* calculator at Math..
Enter the maximum monthly payment you can afford.
Enter the interest rate for the loan.
00
Describe the car you will trade in. The calculator will compute its value.
*Provided by
2. Enter other zip codes until you find one that gives you different results. Why might other zip codes give you different results?
3. Enter the market Market Finance Rate
finance rates shown. How much is subtracted from the sticker price range
0.00 % 1.00 % 2.00 %
each time you increase
3.00 %
the rate by 1%?
4.00 %
Sticker Price Range
5.00 %
6.00 %
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You can afford a car in this price range.
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