1. Figure out the costs of buying the two cars listed below by filling in the blanks in the table. You can pay a 10 percent down payment, and your credit history is good enough to get a five-year loan with an interest rate of 5 percent. To determine the monthly payment and interest paid, use an online loan calculator - for example:
http://www.loancalculator.org/
. Put in the amount to borrow, 5 percent interest rate and 5 years. (24 points)
New Honda CR-V Used Ford Taurus
Price $22,000 $9,500
Sales tax $1,980 $855
Total cost
Down payment
Amount to borrow

Question

1. Figure out the costs of buying the two cars listed below by filling in the blanks in the table. You can pay a 10 percent down payment, and your credit history is good enough to get a five-year loan with an interest rate of 5 percent. To determine the monthly payment and interest paid, use an online loan calculator - for example: 
        http://www.loancalculator.org/
       . Put in the amount to borrow, 5 percent interest rate and 5 years. (24 points)
 	New Honda CR-V	Used Ford Taurus
Price	$22,000	$9,500
Sales tax	$1,980	$855
Total cost	 	 
Down payment	 	 
Amount to borrow