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Reference no: EM133152344

You may use online sites like autotrader.ca or any other choice of your vender/s

1. Gather pricing (in $) information on two cars you may want to buy. Research interest rates you would qualify for and the length of the loan desired.

2. Calculate the monthly payment, total finance charge and total cost of loan for each of the two vehicles.

3. Write about what vehicle you can afford to buy and at what price. Which loan would you take and why? What features make this loan more appealing than the others?

Include in your essay how your new car payment impacts your monthly budget and how limited resources cause people to make choices.

Reference no: EM133152344

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