Complete Excel work according to the steps attached within the PDFs
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EX2021-ChallengeYourself-3.xlsx
Purchase
| Vehicle Purchase | Analysis | |||||||||
| Vehicle 1 | Vehicle 2 | Vehicle 3 | Vehicle 4 | |||||||
| Description | 2022 Ford Mustang Convertible | 2022 Ford F150 | 2022 Toyota Prius | 2022 Ducati SuperSport | ||||||
| Vehicle Type | Passenger | Truck | Passenger | Motorcycle | ||||||
| Seller | dealer | dealer | private seller | private seller | Average | Highest | Lowest | |||
| Price | $32,705 | $30,000 | $24,625 | $13,995 | Price | |||||
| MPG City | 20 | 25 | 58 | 36 | MPG City | |||||
| MPG Highway | 28 | 25 | 53 | 36 | MPG Highway | |||||
| Average MPG | Average MPG | |||||||||
| Yearly Costs | ||||||||||
| Registration Fee | Registration Fee | |||||||||
| Maintenance/Year | Maintenance/Year | |||||||||
| Insurance/Year | $1,200 | $800 | $900 | $1,500 | Insurance/Year | |||||
| Need Loan? | ||||||||||
| Amount to Borrow | Amount to Borrow | |||||||||
| APR | 3.20% | 2.90% | 1.90% | 5.90% | APR | |||||
| Years | 5 | 3 | 3 | 2 | Years | |||||
| Monthly Costs | ||||||||||
| Loan Payment | Loan Payment | |||||||||
| Gas | Gas | |||||||||
| Maintenance/Month | Maintenance/Month | |||||||||
| Insurance/Month | Insurance/Month | |||||||||
| Total Monthly | Total Monthly | |||||||||
| Affordable? |
Data
| Vehicle Purchase Assumptions | ||
| $10,000 | Total Cash Available for Vehicle Purchase | |
| $750 | Total Monthly Amount Available to Pay for Operating Vehicle | |
| 650 | Number of Miles I Expect To Drive Each Month | |
| $3.50 | Gas Price Per Gallon | |
| Vehicle Data | ||
| VehicleType | RegistrationFee | Maintenance |
| Cargo Van | 100 | 600 |
| Farm Vehicle | 68 | 500 |
| Motor Home | 100 | 1000 |
| Motorcycle | 60 | 500 |
| Passenger | 100 | 600 |
| Trailer | 30 | 100 |
| Truck | 100 | 500 |
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