Reply to the following using at least 175 words. Be constructive and professional. Be sure to include FULL APA references and in-text citations. 1. Lamar Lacey is trying to decide which mortgage is best for him. He needs to finance $167,000 and has planned a budget of $1,000 for his payment of principal and interest. […]
Calvin and Petra meet online through a dating app. They decide to purchase a house together. Calvin fears that the relationship is unstable and doesn’t want to share ownership of the house with Petra. He deceives Petra into believing that the house has been purchased jointly but in fact the house and the mortgage are […]
Please answer the following questions for a fixed-rate mortgage as a fully amortizing mortgage loan made for $175,000 at 4.5% interest for 30 years. What is the monthly payment for a Constant Payment Mortgage loan? What will the total of payments be for the entire 30 year period? Of this total, how much will be […]
Assignment 2 Assignment 2 has two parts and is worth 40% of your total grade. Assignment 2 should be completed after Lesson 5. Part 1: Preparing Financial Statements (50 marks total) 1. Explain the difference between saving and investing. (5 marks) 2. List and explain investors’ motivation for investing in stocks, bonds, preferred shares, and […]
