Installment 360

+ Total Monthly Payments Amount Financed (Loan) Finance Charge (Interest) ($150 * 60) $1,000 $8,000 $9,000 + + $10,000 Car $2000 down $150 monthly for 60 months Down Payment ($$ paid NOW) Down Payment ($$ paid NOW) $2,000 $2,000 = = + Total Installment Payment $10,000 $11,000 Finance Charge (Interest) Cash Price $1,000 + Total Monthly Payments Amount Financed (Loan) Finance Charge (Interest) $1,000 $8,000 $9,000 + + Down Payment ($$ paid NOW) Down Payment ($$ paid NOW) $2,000 $2,000 Add across Add down & = = + Total Installment Payment $10,000 $11,000 Finance Charge (Interest) Cash Price $1,000 Total Monthly Payments Amount Financed (Loan) $ Finance Charge (Interest) $27,000 ? $31,200 ? $ $32,000 Car $5000 down $520 monthly for 60 months Down Payment ($$ paid NOW) Down Payment ($$ paid NOW) $ $ Total Installment Payment $32,000 ? Finance Charge (Interest) $36,200 ? Cash Price Total Monthly Payments Amount Financed (Loan) $ Finance Charge (Interest) $3,300 ? $4,500 ? $ Down Payment ($$ paid NOW) $4,000 Watch $700 down $75 monthly for 60 months Down Payment ($$ paid NOW) $ $ Total Installment Payment $4,000 ? Finance Charge (Interest) $5,200 ? Cash Price Total Monthly Payments Amount Financed (Loan) $ $ $ Finance Charge (Interest) $12,000 Boat $2000 down $750 interest $ Down Payment ($$ paid NOW) Down Payment ($$ paid NOW) $ $ $ Total Installment Payment $ Finance Charge (Interest) Cash Price Total Monthly Payments Amount Financed (Loan) $ $ $ Finance Charge (Interest) $300,000 house 10% down $1400 mortgage for 20 years $ Down Payment ($$ paid NOW) Down Payment ($$ paid NOW) $ $ $ Total Installment Payment $ Finance Charge (Interest) Cash Price Last One.... Total Monthly Payments Amount Financed (Loan) $ $ $ Finance Charge (Interest) $200,000 house 5% down $900 mortgage for 20 years $ Down Payment ($$ paid NOW) Down Payment ($$ paid NOW) $ $ $ Total Installment Payment $ Finance Charge (Interest) Cash Price The End The End The End T h e E n d |

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