You will be using the Internet to compare two different vehicles. You will then determine payments on these vehicles using Microsoft Excel. You will finish the lesson by writing a letter describing your findings.
- Research on the Internet two vehicles: one new and one used. They do not need to be the same vehicle.
- Make a list of all of the oF all options each car has.
- Open Microsoft Excel to input the two prices for their vehicles and the bank loan information.
- Calculate the monthly payments and yearly payments for the vehicles based on the loan time and percentage given by the teacher. Interest Rate 8% Loan Time Period is 5 years.
Attached you will find a .pdf file with some additional help on setting up and formatting your spreadsheet. You will turn in your letter on the next page.