Analyze the distributions of principal

Assignment Help Operation Management
Reference no: EM132262515

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: EM132262515

Questions Cloud

Statement of overall financial health-apparent trajectory : Financial Analysis of Coca-Cola – must include a statement of overall financial health and apparent trajectory.
Particular medicine to surrounding hospitals : A pharmaceutical supply company located in Philadelphia supplies a particular medicine to surrounding hospitals
Qing was upset about meeting with the lawyers : Qing was upset about meeting with the lawyers. They could see risks everywhere and were very good at arguing their position.
How does the external environment affect marketing planning : Discusses the importance of strategic, functional, and operational planning. How does the external environment affect marketing planning?
Analyze the distributions of principal : Analyze the distributions of principal, interest and the balance over the life of the loan.
Firms might target to establish focus strategy : What are three different demographics that firms might target to establish a focus strategy?
What is the optimal size of the production? run : What is the optimal size of the production? run? What is the average setup cost per year?
Legal and ethical scenarios : In 2012, after working at First National Bank for six years, Billy Bryant helped establish Breakstone Capital Corporation (BCC), venture capital firm
The life narrative plan for successful business man : Write a one page paper on the life narrative plan for a successful business man.

Reviews

Write a Review

Operation Management Questions & Answers

  Elucidate how many students on average will be waiting

Average arrival rate is 12 students per hour; also average service rate is 20 students per hour. Elucidate how many students, on average, will be waiting in line at any one time.

  Using social media tools in the recruitment process

What are some of the advantages to using social media tools in the recruitment process?

  Corruption index and trade restrictions

The corruption perceptions index (CPI) is a comparative assessment of integrity performance for a variety of countries.

  What is employee role in the career development process

What is the employee's role in the career development process? The manager's role? The employer's role?

  Siemens commitment to clean hands

How would you describe the culture of Siemens before Kleinfeld's appointment as CEO? Siemens' Commitment to “Clean Hands”

  Job performance and organizational commitment

Job Characteristics theory and provide an example of how this theory is relevant to job performance and organizational commitment.

  Establishing an e-commerce business

What are some of the factors that an MNC manager considers when picking a country for establishing an e-commerce business? Why do trading blocs such as Mercosur, ASEAN (Association of Southeast Asian Nations), and the EU (European Union) present sign..

  Identifies three new additionalexplicit risk

Identifies three NEW additionalexplicit/specific risks that are explicitly unique to your select project .

  What organizational leader has had the positive influence

What organizational leader has had the most positive influence in your life, and why?

  Two conveyor systems for transporting raw materials

Make a cost comparison between two conveyor systems for transporting raw materials. The service life of each system is 5 years and the write-off period is 5 years. Use straight-line depreciation and assume no salvage value for either system. At what ..

  Adopted corporate strategy aimed at minimizing possibility

Bravo enterprises has adopted a corporate strategy aimed at minimizing the possibility of their employees becoming unionized. the company recently instituted a rule that employees could not discuss unionizing or distribute union literature while on w..

  A construct a scatter diagram of the data b find the

interstate 90 is the longest of the east-westnbspu.s.nbspinterstate highways with its 3112 miles stretching

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd