Explain the costs and benefits of maintenance contracts


Problem

i. Rob is considering buying a new Nissan Rogue and has $1000 in savings. Create one amortization table using technology to collect and organize data to make decisions and critical judgments about varying the down payment, period of loan, special principal payment, and interest rates for a vehicle loan. Explain your findings. You will need to research the prices of the car and current interest rates.

ii. Rob is no longer convinced a Nissan Rogue is the right car for him .Compare the total cost of purchase and maintenance of several possible vehicles

iii. Identify and explain the costs and benefits of maintenance contracts and vehicle warranties for each vehicle in question ii.

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Finance Basics: Explain the costs and benefits of maintenance contracts
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