Kirk Johnson
08/20/2023 · Middle School
Vehicle Price: \( \quad \$ 11,835 \) Interest Paid: \( \$ 2,065 \) Tax Paid: \( \$ 828.45 \) Total Spent: \( \quad \$ 12,663 \) 2. If Carlos decides he wants a 60 -month loan instead, but all other factors remain the same, what vehicle price can he afford now? How much more is he paying in interest and tax, and how much more is he spending overall? Vehicle Price: Interest Paid: Tax Paid: Total Spent:
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Vehicle Price: \( \$17,375 \)
Interest Paid: \( \$2,578.75 \)
Tax Paid: \( \$1,035.56 \)
Total Spent: \( \$20,989.31 \)
Increase in Interest: \( \$513.75 \)
Increase in Tax: \( \$207.11 \)
Increase in Total Spent: \( \$8,326.31 \)
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