In this task, students will use their mathematical skills to find and evaluate purchase options for a motor vehicle. Students will be required to determine their down payment amount, calculate their interest rate and APR, use the internet to locate an affordable vehicle and determine both total and monthly costs for a specified loan amount over a variety of loan
duration options.
Introduction
Congratulations! You've just graduated from high school! You have a whole world of opportunities just waiting for you, but you'll also need a way to get around. Sadly, your 15 year old car died on the way back from graduation and you'll need to buy another car.
Lucky for you, you know a little about loans and interest rates from your time in Advanced Algebra!
After taking some time to think, you decide you need to purchase a pre-owned/used car. You have managed to save $8,000 from your job and you got another $1,500 in graduation money from your family. In addition, you current boss is going to keep you working 8 hours a week for 40 weeks a year, at $12.55/hour. Now it's time to find a car!
​
​
​
​
​
​
​
​
​
​
If you are having difficulty reading this WebQuest, please visit https://ttsreader.com/ to have the text read to you