©G Dear 2010 – Not to be sold/Free to use Applied Mathematic (Preliminary General 1) Mathematics Of Driving Total Cost of the Loan Stage 6 - Year 11 Press Ctrl-A ©G Dear 2010 – Not to be sold/Free to use

Costs of Buying a Car – Monthly Repay (1/4) Tribeca 3.6R Premium $64,703 - Excel Spreadsheet End of Slide

Costs of Buying a Car – Monthly Repay (2/4) Tribeca 3.6R Premium $64,703 $1,343.13/month for 5 years. Total Repay = 60 x $1,343.13 = $80,587.80 Interest = $80,587.80 - $64,703 = $15,884.80 Interest% = $15,884.80 ÷ $64,703 x 100% ≈ 25% of the cost of the car. End of Slide

Costs of Buying a Car – Monthly Repay (3/4) $49,000 1957 Messerschmitt 3 wheeled Cars - Excel Spreadsheet End of Slide

Costs of Buying a Car – Monthly Repay (4/4) $49,000 1957 Messerschmitt 3 wheeled Cars $1,557.05/month for 3 years. Total Repay = 36 x $1,557.05 = $56,053.80 Interest = $56,053.80 - $49,000 = $7,053.80 Interest% = $7,053.80 ÷ $49,000 x 100% ≈ 14.4% of the cost of the car. End of Slide