Task 2.

Given the deposit Mr and Mrs Monash must pay in the future, they also task you with finding a good investment to help them save. Find and present in your business report the best (highest interest rate) term deposit available in the market that meets Mr and Mrs Monashs conditions specified in your team data. You are required to show evidence of your comparison.

a) Given what Mr and Mrs Monash have to invest today, apply financial math and calculate the future value of investing in your recommended term deposit today, for when Mr and Mrs Monash need to buy their house. (show your formula, substitution and working, missing financial math will result in a penalty of -1.5 marks)

b) Do Mr. and Mrs. have enough now to pay for their deposit in the future? If yes, by what percentage are they over their deposit. If not, with the term deposit investment, will they saved enough to pay for their deposit in the future? If not, by what percentage are they under their deposit.

to buy their house In 3 years time, Mr and Mrs Monash intend to buy a 3 bedroom house in Caulfield to live in. They intend to spend S1460,000 Task 1 Mr and Mrs Monash have the following conditions and needs of the loan you present to them The loan has to be from a Non-hig 4 Hank (domestie or foreign The loan needs to have a Offset facility Mr & Mrs Monash wish to make monthly repayments They wish to borrow money for 25 years They wish to take a fully amortizing loan They are interested in a 3 year Fixed rate loan use comparison rates only Mr & Mrs Monash want an LVR of 80% Today, Mr and Mrs Monash have $1,200.00 of disposable income to service their debt at each loan repayment period, Task 2: Mr and Mrs Monash have the following conditions and needs for the term deposit you present to them The term deposit is to be from a Credit Union, Building Society or Mutual Bank The term of the deposit matures when they purchase the house in the future They require interest to be calculated and paid Mr and Mes Monash have $100,000 vetmetoday Task 2: Mr and Mrs Monash have the following conditions and needs for the term deposit you present to them: The term deposit is to be from a Credit Union, Building Society or Mutual Bank The term of the deposit matures when they purchase the house in the future. They require interest to be calculated and paid semi-annually Mr and Mrs Monash have $100,000 to investment today to buy their house In 3 years time, Mr and Mrs Monash intend to buy a 3 bedroom house in Caulfield to live in. They intend to spend S1460,000 Task 1 Mr and Mrs Monash have the following conditions and needs of the loan you present to them The loan has to be from a Non-hig 4 Hank (domestie or foreign The loan needs to have a Offset facility Mr & Mrs Monash wish to make monthly repayments They wish to borrow money for 25 years They wish to take a fully amortizing loan They are interested in a 3 year Fixed rate loan use comparison rates only Mr & Mrs Monash want an LVR of 80% Today, Mr and Mrs Monash have $1,200.00 of disposable income to service their debt at each loan repayment period, Task 2: Mr and Mrs Monash have the following conditions and needs for the term deposit you present to them The term deposit is to be from a Credit Union, Building Society or Mutual Bank The term of the deposit matures when they purchase the house in the future They require interest to be calculated and paid Mr and Mes Monash have $100,000 vetmetoday Task 2: Mr and Mrs Monash have the following conditions and needs for the term deposit you present to them: The term deposit is to be from a Credit Union, Building Society or Mutual Bank The term of the deposit matures when they purchase the house in the future. They require interest to be calculated and paid semi-annually Mr and Mrs Monash have $100,000 to investment today