| Car Loan Amortization | |||||||||||
| Three Year Lease | Bank Loan | ||||||||||
| Retail Price | Interest Rate | Total Interest | Monthly Payment | Resale Value | Loss | Interest Rate | Total Interest | Monthly Payment | Resale Value | Loss | |
| $12,400.00 | 18% | $2,232.00 | $ 406.44 | $5,440.00 | ######### | 11% | $1,364.00 | $ 382.33 | $7,440.00 | $6,324.00 | |
| Income | |||||||||||
| Net Pay | $2,024.80 | ||||||||||
| Expenses | |||||||||||
| Rent | $600.00 | ||||||||||
| Food | $300.00 | ||||||||||
| Phone | $45.00 | ||||||||||
| Utilities | $100.00 | ||||||||||
| Incidents | $250.00 | ||||||||||
| Car Payment | $382.33 | ||||||||||
| Insurance | $ 91.67 | ||||||||||
| Gas | $70.00 | ||||||||||
| Subtotal | $1,839.00 | ||||||||||
| Contingency: 10% | $183.90 | ||||||||||
| Total | $2,022.90 | ||||||||||
| Surplus | $ 1.90 | ||||||||||
Last Updated on 10/5/99
By lanpherg