Youth and the Law Final Project By Genevieve Alkemper

FAQs: Why that background? Because I can.//Who are you? Who's asking?//Why did you make this? I don't know.

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Career Choice: Lawyer

Starting Pay (Monthly): $8,020

Loan Amount: $195,650

Monthly Payment: $2,123

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Picture of your vehicle

Make/Model/Year: Kawasaki/Ninja 300 ABS/2017

Fuel Efficiency: Good Fuel Efficiency

Warranty: 12 Month Limited Warranty

Loan information: Loaned from Bank of America with a 2.64% interest rate and a monthly payment of $226.91 over 1 year

Total cost: $2722.92

Progressive insurance: $6.25/month or $75/year

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Address: 178 Hyde Park Ave, Boston, MA 02130

Price: $266,700

Monthly mortgage payment: $1,165.06 over 30 years

Total cost: $464,104.97

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House I Want to Buy :)

Address: 143 Brooks St UNIT 2, Boston, MA 02135

Price: $429,000

Monthly mortgage payment: $1,823.35 over 30 years

Total cost: $626,404.97

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Address: 280 Boylston St #11C, Chestnut Hill, MA 02467

Price: $849,000

Monthly mortgage payment: $2,977.69 over 40 years

Total cost: $971,722.39

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Midlife (Not so Much of a) Crisis

You have driven your current car for 2 years and have added 20,000 miles. You are considering leasing a new car. Reasearch the trade-in value on your current car. Compare the advantages and disadvantages of leasing vs. buying a new car.

Motorcycle trade-in value: $1,380

Buying: You pay the car's entire cost, you can put as many miles as you want to on it, you can keep it until the end of time, you have to make a large down-payment/pay lots of sales tax, and pay interest.

Leasing: You only pay for the car's deprication, you have a term agreement for the months leased, you can't go past a certain number of miles without a penalty, and you only pay a small, if any, down-payment.

Example: A Chevy Malibu would normally cost $27,790 with added on fees. Leasing it would cost around $200 per month (if it's a good deal) with extra if you drive it past the milage given to you and (probably) a down payment.

Credits:

Created with images by Hans - "gold bear gummi bears bear"

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