18. Complete the chart for the yearly cost of the car. In the space below write the Ycaity Totel and the cost of the car over the life of the loan (Grand Total). Based on your calculations do these figures make sense? Discuss whether these numbers are higher or lower than you expected and whether you personally would be able to afford this vehicle. Make sure you 143 Signature Assignment Page 5 of 8 consider and discuss other life expenses. Al verbal responses must be in complete sentences. Your response should be at least 6 sentences. Yeaty Totat: se9,514 Grand Totel: \( \$ 135,643.60 \)

When I completed the chart for the yearly cost of the car, the yearly total came to $9,514, which certainly adds up over time. With a grand total of $135,643.60 over the life of the loan, it’s clear that the overall expense of this vehicle is quite significant. To put that into perspective, this figure is higher than I initially expected, especially when adding maintenance, insurance, and other related costs. Personally, I would have to carefully consider my budget to determine if this vehicle is truly affordable, especially with other life expenses like housing, groceries, and savings to keep in mind. It’s important to factor in not just the car payments, but also how this larger expense would affect my overall financial health. Ultimately, while flashy cars can be appealing, it's crucial to approach such financial decisions with a clear understanding of their long-term impact.