Analyze the distributions of principal

Assignment Help Other Subject

Reference no: EM132186006 , Length: word count:500

Question - The scenario is designed to help you determine and evaluate the payment amount of a car loan and a mortgage, based on the assumption that your household income is $36,000 per year or $3,000 per month. Based on your income, you may spend 28% of your monthly income on housing, and 10% on a car loan. You are to put a 3% down payment on the house and a 10% down payment on the car. Tasks: What is the maximum car payment and mortgage payment you can afford with the following conditions: your monthly household income, 10% for the car payment, and 28% for the mortgage payments? Create a complete amortization schedule for the car, using the information above. Analyze the distributions of principal, interest and the balance over the life of the loan?

Reference no: EM132186006

Questions Cloud

How knowledge management might change in the future : Study how knowledge is being managed at your place of work at present time, examine whether Web 2.0 technologies are being used

Create a method called getlettergrade : Create a method called getLetterGrade. The getLetterGrade method takes a grade between 0-100 and then prints out the corresponding letter grade.

Verbal and nonverbal cues affect the conversation : How did the verbal and nonverbal cues affect the conversation? What did you learn about your own listening skills?

Describe norms involved and the sanctions for not conforming : What are the norms of the social groups of which you are a member concerning the product or activity? Describe the norms involved and the sanctions.

Analyze the distributions of principal : Create a complete amortization schedule for the car, using the information above. Analyze the distributions of principal, interest and the balance over the life

Perform a review of the course in given situation : Consider a course that you have recently completed. Perform a review of the course (the course represents a project and the course syllabus represents.

Define the problem in the scenario that you have chosen : When faced with a problem, what do you do to solve it? This assignment asks you to apply a six-step to problem solving process to a specific problem scenario.

Resources incurred by company when changing from supplier : The resources incurred by a company when changing from one supplier or system to a competing supplier are known as

What would be katydid before-tax component cost of debt : KatyDid Clothes has a $130 million (face value) 25-year bond issue selling for 104 percent of par, What would be Katydid before-tax component cost of debt

User Account

All Pages