Directions: Use this template to see if you can afford a car! Make sure to fill out the table as
needed and show all work for credit.
Car Chosen:
Make:
Model:
Price (after building):
Your interest rate based on teacher rate given:
Your loan term chosen in months and years:
1 = prt
p=
r=
t=
SHOW WORK BELOW TO CALCULATE YOUR INTEREST:
1 = prt
Calculate the TAXES for your car: (Remember the sales tax for Flushing, NY is 8.88%)
TOTAL COST OF YOUR CAR = INTEREST + ORIGINAL PRICE + TAXES
TOTAL COST =