Create a worksheet to aid you in decision regarding a home

Assignment Help Computer Engineering

Reference no: EM131880971

Problem

Design and create a worksheet to aid you in the following decision regarding a home purchase. Format your workbook attractively and appropriately.

Asking price: $225,000

Family monthly income: $5,250 (after taxes)

Savings: $33,750

Assumptions:

Mortgage payment maximum of 25% of net income

Mortgage rates:

6.5% witha minimum10% down OR

6.25% witha minimum15% down

You don't want to use all of your savings on your down payment

HINT: Don't forget to deduct your down payment from the amount you're financing!

Reference no: EM131880971

Questions Cloud

Amortization method with equal annual payments : amortization method with equal annual payments at an annual effective rate of 6.3%

Preparing for a commercial negotiation : Explain the importance of setting objectives and defining variables when preparing for a commercial negotiation.

Best alternative to a negotiated agreement : Discuss TWO reasons why a buyer might develop a 'best alternative to a negotiated agreement' (BATNA) when preparing for a negotiation.

What is the amount of principal in the sixth payment : The amount of interest in the fourth payment is 177.72. What is the amount of principal in the sixth payment?

Create a worksheet to aid you in decision regarding a home : Design and create a worksheet to aid you in the following decision regarding a home purchase. Format your workbook attractively and appropriately.

Performance of a logistics system : How can reducing packaging inefficiencies improve the performance of a logistics system?

Terms of warehousing design : In terms of warehousing design, give examples of trade-offs involving space, labor, and mechanization.

What type of account should the company credit : A company might decide to use its accounts receivable to obtain immediate access to cash, either by selling them or pledging them as collateral for a loan.

Discuss advantages and disadvantages to grid systems : Discuss advantages and disadvantages to grid systems, such as the center-of-gravity and weighted center-of-gravity approaches.

User Account

All Pages