Discuss how you would proceed in making such decision

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Reference no: EM132014818

1) You took out a 20 year mortgage of $350,000, 3 years ago where you pay $2,450.00 per month. You want to decide on whether you should pay the mortgage off early. What are the factors you should consider in making this decision if your household income is $6,000, and your monthly expenses of $2, 500. Your family includes 3 children who are 12, 10 and 8 years old. Discuss how you would proceed in making such a decision. State all assumptions.

2) Your 60 year old mother is in reasonable good health and has just received her retirement funds of $140,000 from her employer of 40 years. As a financial management student, she trusts you to create an investment portfolio which will be suitable for her. Her tolerance for risk is low. Provide justification for your options.

Reference no: EM132014818

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