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Consortium for Mathematics and its Applications

Product ID: HiMAP Pull-Out
Supplementary Print
High School

Examining a Lifetime of Automobile Purchase Expenses

Author: Floyd Vest, Paul Fuller



Young families often feel the need for financial planning for the future and for saving to finance such items as emergencies, a home, education of children, and retirement. However, many families never seem to succeed in acquiring significant savings. Much of their income is spent for different consumer items including automobiles. Let us consider just how much money a family might spend on automobile purchases in a lifetime.

©1989 by COMAP, Inc.
Consortium 32
7 pages

Mathematics Topics:

Algebra , Business Mathematics

Application Areas:

Business & Economics , Finance

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