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EX2016 ChallengeYourself 3 3 Solution

The document contains information about 4 vehicle purchase options including a 2016 Ford Mustang Convertible, 2014 Honda Accord Hybrid, 2014 Ducati Diavel Strada motorcycle, and 2016 Chevy Colorado truck. It provides details on vehicle type, seller, price, gas mileage, yearly costs, loan information if needed, and monthly costs for each option. An analysis section at the bottom summarizes and compares the average, highest, and lowest values for price, gas mileage, costs, loan amounts, and monthly payments across the 4 vehicles.

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Kari
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814 views2 pages

EX2016 ChallengeYourself 3 3 Solution

The document contains information about 4 vehicle purchase options including a 2016 Ford Mustang Convertible, 2014 Honda Accord Hybrid, 2014 Ducati Diavel Strada motorcycle, and 2016 Chevy Colorado truck. It provides details on vehicle type, seller, price, gas mileage, yearly costs, loan information if needed, and monthly costs for each option. An analysis section at the bottom summarizes and compares the average, highest, and lowest values for price, gas mileage, costs, loan amounts, and monthly payments across the 4 vehicles.

Uploaded by

Kari
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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A B C D E F

1 Vehicle Purchase
2 Vehicle 1 Vehicle 2 Vehicle 3 Vehicle 4
3 Description

SOLUTION
2016 Ford Mustang Convertible 2014 Honda Accord Hybrid 2014 Ducati Diavel Strada 2016 Chevy Colorado
4 Vehicle Type Passenger Passenger Motorcycle Truck
5
6 Seller dealer private seller private seller dealer
7 Price $27,800 $20,463 $14,250 $20,100
8 MPG City 17 50 36 22
9 MPG Highway 28 45 36 31
10 Average MPG 22.5 47.5 36 26.5
11 Yearly Costs
12 Maintenance/Year $600 $300 $500 $500
13 Registration Fee 100 100 60 100
14 Insurance/Year $1,000 $700 $1,500 $600

SAMPLE
15 Need Loan? yes yes yes yes
16 Amount to Borrow $19,800 $12,463 $6,250 $12,100
17 APR 3.20% 1.90% 5.90% 2.90%
18 Years 5 3 2 3
19 Monthly Costs
20 Loan Payment $357.54 $356.43 $276.72 $351.35
21 Gas $66.67 $31.58 $41.67 $56.60
22 Maintenance/Month $50.00 $25.00 $41.67 $41.67
23 Insurance/Month $83.33 $58.33 $125.00 $50.00
24 Total Monthly $557.54 $471.34 $485.06 $499.62
25
26 Affordable? no yes yes yes
G H I J K L

1 Analysis
2

SOLUTION
4
5
6 Average Highest Lowest
7 Price $ 20,653.25 $ 27,800.00 $ 14,250.00
8 MPG City 31.25 50 17
9 MPG Highway 35 45 28
10 Average MPG 33.125 47.5 22.5
11
12 Maintenance/Year $ 475.00 $ 600.00 $ 300.00
13 Registration Fee $ 90.00 $ 100.00 $ 60.00
14 Insurance/Year $ 950.00 $ 1,500.00 $ 600.00

SAMPLE
15
16 Amount to Borrow $ 12,653.25 $ 19,800.00 $ 6,250.00
17 APR 3% 6% 2%
18 Years 3 5 2
19
20 Loan Payment $ 335.51 $ 357.54 $ 276.72
21 Gas $ 49.13 $ 66.67 $ 31.58
22 Maintenance/Month $ 39.58 $ 50.00 $ 25.00
23 Insurance/Month $ 79.17 $ 125.00 $ 50.00
24 Total Monthly $ 503.39 $ 557.54 $ 471.34
25
26

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