For this assignment, you will be reading the case 'Time Value of Money: The Buy Versus Rent Decision, research relevant facts, perform analysis, and document your findings, analysis, and recommendation in a written report for Rebecca Young. This assignment carries 15% of the grade. For the assignment, we will be using the case: 'Time Value of Money: The Buy Versus Rent Decision You can purchase the case, search (9B14N024) ($4.40 digital download) at https://www.iveycases.com. Report Submission Instruction: Maximum 4 pages excluding Reference/Appendix. You may consider using Refernce/Appendix section to include your research references, calculations, relevant graphs, charts, illustrations, and tables, and embed excel sheet file if you are using it to analyse. Report due date and time: 9 May 2021 23:59 Hour Pacific Standard Time Report must be submitted in Week 4 Turn-it-in link Assignment 1 Due 9th May -Submit Here. Submission by email will not be accepted. Report Expectation: Your report should cover 3 main sections. You may follow the pointers below or decide your own approach where appropriate. 1. Findings and Assumptions Facts from the case, expectation of future real estate prices (rent/buy), cost of borrowing, opportunity costs, cost of buying/selling, economy, etc. The case was prepared in 2015. What about current situation in Toronto? Vancouver? Describe your assumptions, if any. 2. Analysis Calculation of monthly mortgage payment, outstanding mortgage balance Cost/Payments to be considered in buy decision vs. rent decision Scenarios analysis (Condo prices, interest rates, etc.) Other factors such as qualitative benefits and costs 3. Recommendation What recommendation(s) would you suggest to Rebecca Young and why? What would be Youngs next course of action?