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New Car Minimum Trade-in Down- Principal Duration Interest Total Total
Offer Price payment Offered
Down- payment Loan
Payable Amount (years) Rate(%) Interest Loan
Price
(a) (b) © (d) € (f) (g) (h) (i) (j)
Car A 42,000 10,000 9,000 1,000 32,000 5 0.0335 5360 37,360
Car B 48,350 10,000 10,000 0 38,350 6 0.033 7593.3 38,366
Car C 45,000 10,000 8,000 2,000 35,000 7 0.032 7840 35,017
Car D 32,000 15,000 7,500 7,500 17,000 4 0.05 3400 17,018
Car E 38,000 8,000 6,500 1,500 30,000 8 0.03 7200 30,019
Monthly Instalment
700
600
500
400
300
200
100
0
Car A Car B Car C Car D Car E
Monthly
Instalment
(k)
622.66667
532.86111
416.86905
354.54167
312.69792
Down-payment Payable
1 2 3 4 5
nt
Car D Car E