Click on the CommBank Car loan link at the bottom of the page- this will provide an interest rate. (This calculator will only give repayment amounts)
Using http://www.moneychimp.com/calculator/compound_interest_calculator.htm calcuate the interest you will pay if interest is compounded at the following intervals (ensure you select at the end of the compounding period and select '0' for Annual Addition as we are borrowing not investing)
- Access www.carsales.com.au
- Click on the CommBank Car loan link at the bottom of the page- this will provide an interest rate. (This calculator will only give repayment amounts)
- Using http://www.moneychimp.com/calculator/compound_interest_calculator.htm calcuate the interest you will pay if interest is compounded at the following intervals (ensure you select at the end of the compounding period and select '0' for Annual Addition as we are borrowing not investing)
a) annuallyb) six monthy/ half yearly
c) monthly
Students Insert your details into the table