This is my dream car. It is a 2002 BMW Z3.

It costs $38,545.

If I were to buy this car, I would pay $545 up front and then get a 5-year loan for the other $38,000.

A 5-year auto loan has an interest rate of 6.20%, so I would have to pay $11, 780 in interest for my car.

In total I would pay $49, 780. I would be paying $829.67/month.

I learned all of this in class tonight.

By:

Amanda