3. (20 points) Transportation: What type of vehicle will you have? What kind of

Question

3. (20 points) Transportation: What type of vehicle will you have? What kind of down payment did you have to pay? What are the payments? Include calculations of the loan amount and interest rates. What is the amount of the insurance? Parking costs? Gasoline costs? If you choose public transportation, research those costs and explain how this would affect your mobility. Use real numbers. . Type of vehicle (if applicable) 1. Financing 2. Loan amount 3. Down payment 4. Monthly payment Maintenance costs (must set this aside) Parking costs (home/work, if any) Estimate gas cost per month based on how much you think you will drive. Use distance from home to work as a guide. Type/cost of public transportation (if applicable) 1. How does this affect your mobility? 2. How far is this from your home?

Explanation / Answer

1 TYPE OF VEHICLE OF RS $1800000

2 FIANCING - BANK

3 LOAN AMOUNT - $1500000

4 DOWN PAYMENT - $300000

5 MONTHLY PAYMENT =$31320

6 MAINTENANCE COST = $1500 PER MONTH

7 PARKING COST = $1000 PER MONTH

8 GAS COST = $5000 PER MONTH

1 IT AFFECTS THE MOBILITY BECAUSE PUBLIC VEHICLE IS AVAILABLE WHEN I WANT TO GO ANYWAHERE SO IT AFFECTS MOBILITY

2 THIS IS 500METRE FAR FROM MY HOME

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