1. BUYING A CAR OTTW BY: SPENCER JENKINS AND ETHAN WOLCOTT

2. JOB Car Salesmen Annual gross salary: $120,000 Taxes: 25%, or $30,000 Net income: $90,000

3. LIVING SITUATION Shares an apartment with a roommate Rent: $800 monthly Internet bill: $100 monthly Electric Bill: $100 monthly

4. EXPENSES AND SAVINGS Necessity budget: food, clothing, $500 monthly Health insurance: $450 monthly Activity's: $200 monthly Annual Expenses: $35,400 Annual Money saved: $54,600 Monthly savings: $4,550

5. 2016 F-150 White 2016 F-150 Super cab short bed 5.0L V8 w/ 6 speed automatic transmission 4 Wheel Drive and 3.73 Locking Rear Differential MSRP: $38,580 MSRP w/ sales tax: $39,544 Due at signing, including down payment and payment due at signing : $10,000 Monthly payment: $676.16 a month for 48 months

6. PAYING FOR THE TRUCK We are going to pay out of pocket and put $10,000 down and $676.16 monthly We have a 48 month loan with 4.5% interest rate Total loan amount is$29,651.60 with $771.60 in sales tax After 48 months we have paid $32,455.67 with $2,804.01 in total interest Total cost including price, interest, tax, and fees: $42,455.67 After the truck was fully paid off we paid a total of $3865.67 more than the MSRP

7. SOURCES http://www.calculator.net/auto-loan- calculator.html?cloanamount=38580&cmonthlypay=380&cloanterm=48&cinterestrate=4.5&cdownpay ment=10000&ctradeinvalue=0&csaletax=2&ctitlereg=300&cttrinloan=1&printit=0&ctype=standard&x= 99&y=6 http://www.calculator.net/auto-loan- calculator.html?cloanamount=38580&cmonthlypay=380&cloanterm=48&cinterestrate=4.5&cdownpay ment=10000&ctradeinvalue=0&csaletax=2&ctitlereg=300&cttrinloan=1&printit=0&ctype=standard&x= 99&y=6 http://shop.ford.com/build/f150/#/chooseyourpath/