Question: Find the following values using the Internet. Remember to state where the information was found and, also, describe the items chosen Find a two -
Find the following values using the Internet. Remember to state where the information was found and, also, describe the items chosen
Find a twoyear GI.C rate from any financial institution.
The cost of a used car and the cost of a new car.
The price to spend two weeks on vacation in the United States and then outside of continent.
Three years worth of tuition at a college or university near your current location and another further away.
Create a financial report for you to follow for the next ten years outlining the following items:
Part A: PostSecondary Education
In this section, find how much you would need today to pay for the two postsecondary institutions using the GI.C interest rate.
Compare the two values and state some conclusions.
Part B: After School
In this section, calculate the amount needed in four years to buy the new car and then the used car if the price increases by every year.
Since most people do not pay cash for their car, calculate how much monthly it would cost for a year loan at a compounded monthly for the new car and at compounded monthly for the used car.
Would you buy a used car or a new one? Explain.
Part C: Vacation Time
After much hard work, you finally decide to enjoy a vacation. Calculate the monthly payments that must be made to go on the vacation in two years for both locations. Assume that the travel agency charges a compounded monthly.
Which one would you choose? Explain.
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