Announcements and Bell Work
Congrats to Kassidy, Katelyn Caldwell, and Breanna for winning the stock market game!
Today, you will have an assessment over buying and leasing a car.
Complete the following review problem:
Sticker price of a sedan says $19,000
Down payment is 20%
You will be borrowing the rest at an APR of 5% over a four year period.
Figure the total for the loan (including interest).
How much is your monthly payment?
Review for assessment. Then take the assessment over buying and leasing a car.
Next, we will be discussing insuring a vehicle.
Vocab to Know:
Residual Value when leasing a car
I understand the buying process of an automobile.
I understand the advantages and disadvantages of owning and leasing an automobile.
I understand the requirements to insure an automobile.
I understand how to determine premiums.
I can calculate interest in an auto purchase.
I can calculate down payment on an automobile.