Group Member Names: Rayne Cooper, Kristin Carter, Tafadzwa Die

Car Information
Make: Dodge
Model: Charger
Year: 2016
Website:
http://www.napletonsautopark.com/used/Dodge/2016-Dodge-Charger-bb361de90a0e0ae9504e6d7a12718622

Sticker Price $28,375.00

Tax $1,773.44
Total Fees $276.00
Total Selling Price $30,424.44
arter, Tafadzwa Diener, Carly Seigrist
 60 Month Loan, No Down Payment
Total of
Remaining
Total Selling Price Months Payments Months
$30,424.44 0 $33,907.84 0
Down Payment 1 $33,342.71 12
$0.00 2 $32,777.58 24
Loan Amount 3 $32,212.45 36
$30,424.44 4 $31,647.31 48
Interest Rate 5 $31,082.18 60
4.35% 6 $30,517.05
Months 7 $29,951.92
60 8 $29,386.79 Hint: Select all of the highlighted cells in colum
(the gray and the yellow) to create the scatter
Monthly Payment 9 $28,821.66
$565.13 10 $28,256.53
Total Paid for Car 11 $27,691.40
$33,907.84 12 $27,126.27
Total Interest on this loan 13 $26,561.14
$3,483.40 14 $25,996.01
15 $25,430.88
Tota l of Remai ni ng Payments
16 $24,865.75 Li near (Tota l of Remai ni ng Payments )
17 $24,300.62 Li near (Tota l of Remai ni ng Payments )
18 $23,735.49 Estimate of Val ue
19 $23,170.36 Li near (Estimate of Val ue)

20 $22,605.22
21 $22,040.09
22 $21,474.96
23 $20,909.83
24 $20,344.70
25 $19,779.57
26 $19,214.44
27 $18,649.31
28 $18,084.18
29 $17,519.05
30 $16,953.92
31 $16,388.79
32 $15,823.66
33 $15,258.53
34 $14,693.40
35 $14,128.27
36 $13,563.13
37 $12,998.00
38 $12,432.87
39 $11,867.74
40 $11,302.61
41 $10,737.48
42 $10,172.35
43 $9,607.22
44 $9,042.09
45 $8,476.96
46 $7,911.83
47 $7,346.70
48 $6,781.57
49 $6,216.44
50 $5,651.31
51 $5,086.18
52 $4,521.04
53 $3,955.91
54 $3,390.78
55 $2,825.65
56 $2,260.52
57 $1,695.39
58 $1,130.26
59 $565.13
60 $0.00
o Down Payment

Total of Remaining Payments Estimate of Value

$33,907.84 $25,217.00
$27,126.27 $21,358.00
$20,344.70 $18,143.00
$13,563.13 $15,314.00
$6,781.57 $12,808.00
$0.00 $10,558.00

Hint: Select all of the highlighted cells in columns F, G, and H

(the gray and the yellow) to create the scatter plot . Chart Title
$40,000.00

$35,000.00
f(x) = - 565.1306154401x + 33907.836926407
R² = 1
$30,000.00

Tota l of Remai ni ng Payments

$25,000.00
Li near (Tota l of Remai ni ng Payments )
f(x) = - 242.319047619x + 24502.5714285714
Li near (Tota l of Remai ni ng Payments ) R² = 0.9903878568
Estimate of Val ue $20,000.00
Li near (Estimate of Val ue)

$15,000.00

$10,000.00

$5,000.00

$0.00
0 10 20 30 40 50 60 70
60 70
 60 Month Loan, 10% Down Payment
Total of
Remaining
Total Selling Price Months Payments Months
$30,424.44 0 $33,559.50 0
Down Payment 1 $33,050.88 12
$3,042.44 2 $32,542.26 24
Loan Amount 3 $32,033.64 36
$27,382.00 4 $31,525.03 48
Interest Rate 5 $31,016.41 60
4.35% 6 $30,507.79
Months 7 $29,999.17
Hint: Select all of the highlighted cells in colum
60 8 $29,490.56 (the gray and the yellow) to create the scatter
Monthly Payment 9 $28,981.94
$508.62 10 $28,473.32
Total Paid for Car 11 $27,964.70
Val
$33,559.50 12 $27,456.09
Total Interest on this loan 13 $26,947.47 $40,000.00

$6,177.50 14 $26,438.85
$35,000.00
15 $25,930.23
16 $25,421.62 f(x) = - 508.6175538961x + 33559.497233
$30,000.00 R² = 1
17 $24,913.00
18 $24,404.38
$25,000.00
19 $23,895.76 f(x) = - 242.319047619x + 24502.5714285
20 $23,387.15 R² = 0.9903878568
$20,000.00
21 $22,878.53
22 $22,369.91
$15,000.00
23 $21,861.29
24 $21,352.68 $10,000.00
25 $20,844.06
26 $20,335.44 $5,000.00
27 $19,826.82
28 $19,318.21 $0.00
0 10 20
29 $18,809.59
30 $18,300.97 Total of Remai ni ng Payments
Estimate of Val ue
31 $17,792.35
32 $17,283.74
33 $16,775.12
34 $16,266.50
35 $15,757.88
36 $15,249.27
37 $14,740.65
38 $14,232.03
39 $13,723.41
40 $13,214.80
41 $12,706.18
42 $12,197.56
43 $11,688.94
44 $11,180.32
45 $10,671.71
46 $10,163.09
47 $9,654.47
48 $9,145.85
49 $8,637.24
50 $8,128.62
51 $7,620.00
52 $7,111.38
53 $6,602.77
54 $6,094.15
55 $5,585.53
56 $5,076.91
57 $4,568.30
58 $4,059.68
59 $3,551.06
60 $3,042.44
0% Down Payment

Total of Remaining Payments Estimate of Value

$33,559.50 $25,217.00
$27,456.09 $21,358.00
$21,352.68 $18,143.00
$15,249.27 $15,314.00
$9,145.85 $12,808.00
$3,042.44 $10,558.00

Hint: Select all of the highlighted cells in columns F, G, and H

(the gray and the yellow) to create the scatter plot .

Value vs. Debt

$40,000.00

$35,000.00
f(x) = - 508.6175538961x + 33559.4972337663
$30,000.00 R² = 1

$25,000.00
f(x) = - 242.319047619x + 24502.5714285714
R² = 0.9903878568
$20,000.00

$15,000.00

$10,000.00

$5,000.00

$0.00
0 10 20 30 40 50 60 70

Total of Remai ni ng Payments Li near (Total of Rema i ni ng Payments)

Estimate of Val ue Li near (Estimate of Va l ue)
 96 Month Loan, 10% Down Payment
Total of
Remaining
Total Selling Price Months Payments Months
$30,424.44 0 $35,513.79 0
Down Payment 1 $35,175.55 12
$3,042.44 2 $34,837.31 24
Loan Amount 3 $34,499.06 36
$27,382.00 4 $34,160.82 48
Interest Rate 5 $33,822.58 60
4.35% 6 $33,484.33
Months 7 $33,146.09
Hint: Select all of the highlighted cells in colum
96 8 $32,807.85 (the gray and the yellow) to create the scatter
Monthly Payment 9 $32,469.60
$338.24 10 $32,131.36
Total Paid for Car 11 $31,793.12 $40,000.00
$35,513.79 12 $31,454.87
$35,000.00
Total Interest on this loan 13 $31,116.63 f(x) = - 338.2432243084x + 35513.7935
R² = 1
$8,131.80 14 $30,778.39 $30,000.00
15 $30,440.15
16 $30,101.90 $25,000.00 f(x) = - 268.8833333333x + 26417
R² = 0.9947775088
17 $29,763.66
$20,000.00
18 $29,425.42
19 $29,087.17 $15,000.00
20 $28,748.93
21 $28,410.69 $10,000.00

22 $28,072.44 $5,000.00
23 $27,734.20
24 $27,395.96 $0.00
0 10 20
25 $27,057.71
26 $26,719.47 Total of Rema ini ng
Estimate of Va lue
27 $26,381.23
28 $26,042.98
29 $25,704.74
30 $25,366.50
31 $25,028.25
32 $24,690.01
33 $24,351.77
34 $24,013.52
35 $23,675.28
36 $23,337.04
37 $22,998.79
38 $22,660.55
39 $22,322.31
40 $21,984.06
41 $21,645.82
42 $21,307.58
43 $20,969.33
44 $20,631.09
45 $20,292.85
46 $19,954.61
47 $19,616.36
48 $19,278.12
49 $18,939.88
50 $18,601.63
51 $18,263.39
52 $17,925.15
53 $17,586.90
54 $17,248.66
55 $16,910.42
56 $16,572.17
57 $16,233.93
58 $15,895.69
59 $15,557.44
60 $15,219.20
61 $14,880.96
62 $14,542.71
63 $14,204.47
64 $13,866.23
65 $13,527.98
66 $13,189.74
67 $12,851.50
68 $12,513.25
69 $12,175.01
70 $11,836.77
71 $11,498.52
72 $11,160.28
73 $10,822.04
74 $10,483.79
75 $10,145.55
76 $9,807.31
77 $9,469.07
78 $9,130.82
79 $8,792.58
80 $8,454.34
81 $8,116.09
82 $7,777.85
83 $7,439.61
84 $7,101.36
85 $6,763.12
86 $6,424.88
87 $6,086.63
88 $5,748.39
89 $5,410.15
90 $5,071.90
91 $4,733.66
92 $4,395.42
93 $4,057.17
94 $3,718.93
95 $3,380.69
96 $3,042.44
0% Down Payment

Total of Remaining Payments Estimate of Value

$35,513.79 $27,038.00
$31,454.87 $22,900.00
$27,395.96 $19,453.00
$23,337.04 $16,420.00
$19,278.12 $13,734.00
$15,219.20 $10,558.00

Hint: Select all of the highlighted cells in columns F, G, and H

(the gray and the yellow) to create the scatter plot .

$40,000.00

$35,000.00
f(x) = - 338.2432243084x + 35513.7935336104
R² = 1
$30,000.00

$25,000.00 f(x) = - 268.8833333333x + 26417

R² = 0.9947775088
$20,000.00

$15,000.00

$10,000.00

$5,000.00

$0.00
0 10 20 30 40 50 60 70

Total of Rema ini ng Payments Li nea r (Total of Remai ni ng Payments )

Estimate of Va lue Li nea r (Estimate of Val ue)
70
 96 Month Loan, No Down Payment
Total of
Remaining
Total Selling Price Months Payments Months
$30,424.44 0 $36,079.28 0
Down Payment 1 $35,703.45 12
$0.00 2 $35,327.63 24
Loan Amount 3 $34,951.80 36
$30,424.44 4 $34,575.97 48
Interest Rate 5 $34,200.15 60
4.35% 6 $33,824.32
Months 7 $33,448.50
96 8 $33,072.67 $40,000.00
Monthly Payment 9 $32,696.85
$375.83 10 $32,321.02 $35,000.00 f(x) = - 375.8258047872x + 36079.2772
Total Paid for Car 11 $31,945.19 R² = 1
$36,079.28 12 $31,569.37 $30,000.00

Total Interest on this loan 13 $31,193.54

$25,000.00
$5,654.84 14 $30,817.72 f(x) = - 242.319047619x + 24502.57142
15 $30,441.89 R² = 0.9903878568
$20,000.00
16 $30,066.06
17 $29,690.24 $15,000.00
18 $29,314.41
$10,000.00
19 $28,938.59
20 $28,562.76 $5,000.00
21 $28,186.94
22 $27,811.11 $0.00
0 10
23 $27,435.28
24 $27,059.46 Tota l of Rema i ni ng Payments
Estimate of Va l ue
25 $26,683.63
26 $26,307.81
27 $25,931.98
28 $25,556.15
29 $25,180.33
30 $24,804.50
31 $24,428.68
32 $24,052.85
33 $23,677.03
34 $23,301.20
35 $22,925.37
36 $22,549.55
37 $22,173.72
38 $21,797.90
39 $21,422.07
40 $21,046.25
41 $20,670.42
42 $20,294.59
43 $19,918.77
44 $19,542.94
45 $19,167.12
46 $18,791.29
47 $18,415.46
48 $18,039.64
49 $17,663.81
50 $17,287.99
51 $16,912.16
52 $16,536.34
53 $16,160.51
54 $15,784.68
55 $15,408.86
56 $15,033.03
57 $14,657.21
58 $14,281.38
59 $13,905.55
60 $13,529.73
61 $13,153.90
62 $12,778.08
63 $12,402.25
64 $12,026.43
65 $11,650.60
66 $11,274.77
67 $10,898.95
68 $10,523.12
69 $10,147.30
70 $9,771.47
71 $9,395.65
72 $9,019.82
73 $8,643.99
74 $8,268.17
75 $7,892.34
76 $7,516.52
77 $7,140.69
78 $6,764.86
79 $6,389.04
80 $6,013.21
81 $5,637.39
82 $5,261.56
83 $4,885.74
84 $4,509.91
85 $4,134.08
86 $3,758.26
87 $3,382.43
88 $3,006.61
89 $2,630.78
90 $2,254.95
91 $1,879.13
92 $1,503.30
93 $1,127.48
94 $751.65
95 $375.83
96 $0.00
o Down Payment

Total of Remaining Payments Estimate of Value

$36,079.28 $25,217.00
$31,569.37 $21,358.00
$27,059.46 $18,143.00
$22,549.55 $15,314.00
$18,039.64 $12,808.00
$13,529.73 $10,558.00

Chart Title
$40,000.00

$35,000.00 f(x) = - 375.8258047872x + 36079.2772595672

R² = 1
$30,000.00

$25,000.00
f(x) = - 242.319047619x + 24502.5714285714
R² = 0.9903878568
$20,000.00

$15,000.00

$10,000.00

$5,000.00

$0.00
0 10 20 30 40 50 60
Tota l of Rema i ni ng Payments Li nea r (Total of Remai ni ng Payments ) Li nea r (Total of Remai ni ng Payments )
Estimate of Va l ue Li nea r (Estimate of Val ue)
 i
l
h
g
i
h

e
h
t
f
o
l
l
a
t
c
e
l
e
S
:
t
n
i
H

60 70
Total of Remai ni ng Payments )
Name Email
Rayne Cooper rcooper26@stu.parkland.du
Carly Siegrist
Kristin Carter Kcarter49@stu.parkland.edu
Tafadzwa Diener tdiener1@stu.parkland.edu
Phone Group Role
Outreach
Creative Director
217-904-4637 Manager
217-766-6153 Accountant
Name Date
Rayne C. 4/14/2017
Rayne C. 4/15/2017
Rayne C. 4/16/2017
Kristin 4/22/2017
Carly S. 4/25/2017
Tafadzwa D. 4/27/2017
Brief Description of Changes Made
input total fees and sticker price on basic info tab
put roles in Group Members tab
put more stuff in basic info tab
Working on 60 month with dp tab
Working on 96 month no dp tab
Working on 60 Month - no DP tab