1. ©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

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

3. 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, =
$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

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

5. 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, =
$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