1. Buy a house. Find a house that you're interested in buying, you can use any...
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1. Buy a house. Find a house that you're interested in buying, you can use any of the common real estate websites like Zillow.com. Include the following information in your work. The loan is amortized loan at 3.75% and 30 years Address of the property you're interested in buying: Price of the property: Percent Down Payment: Amount Down Payment: Amount Mortgaged: APR: 2. Buy a car. Find a car that you're interested in buying, you can use any dealership website. Include the following information in your work. The loan is an add-on interest loan at 2.9% and 60 months Length of loan in years: Monthly Payment: Interest Paid on the loan: Name of car dealership, city: Year: MSRP Base Price: Make: Model: Options (if any): MSRP Total: Tax & Licensing (Assume 10%): Total Purchase of Vehicle (including tax & licensing): APR: Length of loan in years: Interest: Total installment price: Monthly Payment: 3. At the same time, you bought some furniture. Approximate how much money you'll need for furniture and financed it for 48 months at a 4.5% simple interest. Find monthly payments. 4. Approximate how much you'll need to pay for utility bills (gas, electricity, HOA, water, trash, internet, cell phone bill, pool maintenance, backyard maintenance, etc) 5. Approximate how much you'll need to pay for essentials per months (food, gas for the car, everyday essentials, etc) 6. Approximate a student loan that you'll have at the end of your education. If you don't have a student load assume $10,000 for the purpose of this assignment. You will start paying off at the same time you'll buy a car, a house and furniture. The loan was subsidized with interest at 2.75% starting the day you start paying off the loan. You have 10 years to pay off the loan. Find the monthly payment on the loan R= P r 12 r 1-(1 1- ( + 7/72) 12 -120 7. Get a job. Find a job that you're interested in getting after completing your education. Calculate monthly spending and how much money is left for leisure activities (restaurants, bars, clothes, travel, and fun activities). Those of you who'd like, can base these measurements on a 2-income household. Calculate income tax (approximately 18%) before you start your budget. Subtract the necessary expenses. Summarize your conclusions, include information about leisure budget. 1. Buy a house. Find a house that you're interested in buying, you can use any of the common real estate websites like Zillow.com. Include the following information in your work. The loan is amortized loan at 3.75% and 30 years Address of the property you're interested in buying: Price of the property: Percent Down Payment: Amount Down Payment: Amount Mortgaged: APR: 2. Buy a car. Find a car that you're interested in buying, you can use any dealership website. Include the following information in your work. The loan is an add-on interest loan at 2.9% and 60 months Length of loan in years: Monthly Payment: Interest Paid on the loan: Name of car dealership, city: Year: MSRP Base Price: Make: Model: Options (if any): MSRP Total: Tax & Licensing (Assume 10%): Total Purchase of Vehicle (including tax & licensing): APR: Length of loan in years: Interest: Total installment price: Monthly Payment: 3. At the same time, you bought some furniture. Approximate how much money you'll need for furniture and financed it for 48 months at a 4.5% simple interest. Find monthly payments. 4. Approximate how much you'll need to pay for utility bills (gas, electricity, HOA, water, trash, internet, cell phone bill, pool maintenance, backyard maintenance, etc) 5. Approximate how much you'll need to pay for essentials per months (food, gas for the car, everyday essentials, etc) 6. Approximate a student loan that you'll have at the end of your education. If you don't have a student load assume $10,000 for the purpose of this assignment. You will start paying off at the same time you'll buy a car, a house and furniture. The loan was subsidized with interest at 2.75% starting the day you start paying off the loan. You have 10 years to pay off the loan. Find the monthly payment on the loan R= P r 12 r 1-(1 1- ( + 7/72) 12 -120 7. Get a job. Find a job that you're interested in getting after completing your education. Calculate monthly spending and how much money is left for leisure activities (restaurants, bars, clothes, travel, and fun activities). Those of you who'd like, can base these measurements on a 2-income household. Calculate income tax (approximately 18%) before you start your budget. Subtract the necessary expenses. Summarize your conclusions, include information about leisure budget.
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Answer rating: 100% (QA)
1 Buy a house Address of the property 123 Main St Anytown USA Price of the property 250000 Percent Down Payment 20 Amount Down Payment 250000 020 5000... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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