Essentially, by the end of the project you’d have a spreadsheet budgeting the economic life of this hypothetical 2024 Honda Civic.
At the beginning of the project you have to choose whether to lease (three, three year leases) or purchase the car.
For simplicity’s sake, let’s purchase the car rather than lease it.
The main know-hows you’ll need to have are the abilities to make an amortization table, and how to express compound interest in a table.
First, you’ll have to make a budget for each individual year from 2024 to 2033 (9 years) with the information provided. There are more questions, but they’re all explained better in the pdf attached!
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