In this worksheet activity,
- Students will begin by analyzing a pie chart that shows the percentage of different modes of transport used by Americans.
- They will then choose a car from a given list of four options as their preferred vehicle. For the selected car, loan details will be provided based on a 20% down payment with the remaining amount financed over 5 years at an 8% interest rate.
- Students will then select the number of miles they travel daily for their commute, and based on this, they will see a breakdown of different expenses including monthly loan payments, insurance payments, maintenance charges, and fuel costs.
- Finally, they will answer a series of questions related to their choices and calculations. This activity helps students understand the financial implications of owning and maintaining a car.
