Read all assignment instructions carefully! When finished, compare your results to the grading rubric before submitting.
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Description
Read all assignment instructions carefully! When finished, compare your results to the grading rubric before submitting.
Student Learning Outcome: Students will apply what they have learned in a real-world scenario, utilize critical thinking skills to analyze the data they gathered, and stretch the limits of their knowledge by using a new formula to support a decision.
Project Overview
You are interested in obtaining a loan to buy a new automobile, and you must convince a banker that you have the money
required to afford the car payment for the vehicle of your choice. The first step in the process is to prepare a personal
budget by tracking the last three months of your actual income and expenses. You will use this information to determine
your average income and expenses for the three-month period. Based on this average, you will determine the maximum
loan amount you can borrow based on the length of financing you choose and the current interest rates.
Project Instructions:
Start with a blank workbook and create the Documentation, Budget and Car Loan sheets as described below. Be sure to
format all sheets so they are professional looking and easy to read. Make sure each sheet is set up to print properly. Add
your name, the file name and the sheet name as a header on all sheets. Remember, you will be presenting this
information to a banker and the outcome of your car purchase depends on the quality of your work. Save your workbook
as your Lastname_Firstname_Ind_Project_Budget. This assignment is worth 100 points.
