| Car Loan Amortization | |||||||||||
| Three-Year Lease | Bank Loan | ||||||||||
| Retail Price | Intrest Rate | Total Intrest | Monthly Payment | Resale Value | Loss | Intrest Rate | Total Intrest | Monthly Payment | Resale Value | Loss | |
| $ 2,252.00 | 18% | $ 405.36 | $ 73.82 | $(2,000.00) | $4,651.36 | 11% | $ 247.72 | $ 69.44 | $1,351.20 | $ 1,148.52 | |
| Income | |||||||||||
| Net Pay | $ 600.00 | ||||||||||
| Expenses | |||||||||||
| Rent | $ 166.00 | ||||||||||
| Food | 100 | ||||||||||
| Phone | 20 | ||||||||||
| Utilities | 0 | ||||||||||
| Incidentals | 150 | ||||||||||
| Car Payment | $ 69.44 | ||||||||||
| Insurance | - | ||||||||||
| Gas | 40 | ||||||||||
| Subtotal | $ 545.44 | ||||||||||
| Contigency: 10% | $ 54.54 | ||||||||||
| Total | $ 599.98 | ||||||||||
| Surplus | $ 0.02 | ||||||||||
Last Updated on 10/5/99
By totha