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Financial Plan II
Toyota Corolla Honda Civic Honda Accord
Price of Car, 2016 MSRF $ 17,299 $ 18,640 $ 23,840
Manufacturer's Rebate $ 800 $ 800 $ 1,000
Down Payment $ 2,000 $ 2,000 $ 2,000
Amount to Finance $ 14,499 $ 15,840 $ 20,840
Interest Rate 0.90% 1.60% 1.95%
Loan Term (in Months) 72 48 48
Monthly Payment $206.94 $340.89 $451.67
Charles Stephens
Goal Seek
Financial Plan I
House 1 House 2 House 3
Loan Amount $ 176,122 $ 250,000 $ 770,893
Annual Interest Rate 5.50% 6.25% 6.75%
Loan Term (in Months) 360 360 360
Monthly Payment $1,000.00 $1,539.29 $5,000.00
Charles Stephens
Variable Rate Mortgages
Amount Borrowed $ 100,000
Starting Interest
Monthly Payment
Interest 30 Years Interest 15 years Difference
5.50% $567.79 5.13% $797.32 $ 229.53
6.50% $632.07 5.50% $817.08 $ 185.02
7.50% $699.21 5.73% $829.07 $ 129.86
8.50% $ 768.91 6.00% $843.86 $ 74.94
8.75% $ 786.70 6.13% $850.62 $ 63.92
9.00% $ 804.62 6.25% $857.42 $ 52.80
Charles Stephens