Question

In: Advanced Math

Project for Finite Analysis Part 1： Select a car or truck of your choice, new or...

Project for Finite Analysis

Part 1：

Select a car or truck of your choice, new or used, and price it. Any number of resources can be used (for example, manufacturer's or dealer's website, Craig's list, Kelly Blue Book).

or

Select a piece of real estate (residential, commercial, warehouse, land), any number of resources can be used (www.realtor.com is one option). You will need to include a listing sheet/link with your submitted assignment.

Part 2:

Develop two different fixed-rate financing strategies that include:

  • Down payment
  • Interest rate
  • Term of the loan

Part 3:

Create an amortization schedule for each financing option using the mortgage template in Excel.

Part 4:

Write an analysis and use visuals to compare and contrast the two financing options in detail (for example, monthly payment, total payments, total interest paid, etc.) Be specific. Which would you choose? Include justifications for selecting an option.

Solutions

Expert Solution

Colby Messinger answered 2 years ago
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