1. Buy a house. Find a house that youre interested in buying, you can use any of the common real estate websites like Zillow.com. Include the following information in your work. The loan is amortized loan at 3.75% and 30 yearsAddress of the property youre interested in buying:__Price of the property: __Percent Down Payment:__Amount Down Payment: __Amount Mortgaged: __APR: __Length of loan in years: __Monthly Payment: __Interest Paid on the loan:

2. Buy a car. Find a car that youre interested in buying, you can use any dealership website. Include the following information in your work. The loan is an add-on interest loan at 2.9%and 60 months Name of car dealership, city: __Year: __________ Make: ___________________ Model: __MSRP Base Price:

Options

(if any): __MSRP Total

: __Tax & Licensing

(Assume 10%): __Total Purchase of Vehicle

(including tax & licensing): __

APR: __

Length of loan in years: __

Interest: __

Total installment price: __Monthly Payment:

3. At the same time, you bought some furniture. Approximate how much money youll need for furniture and financed it for 48 months at a 4.5% simple interest. Find monthly payments.

4. Approximate how much youll need to pay for utility bills (gas, electricity, HOA, water, trash, internet, cell phone bill, pool maintenance, backyard maintenance, etc)5. Approximate how much youll need to pay for essentials per months (food, gas for the car, everyday essentials, etc)

5. Approximate how much youll need to pay for essentials per months (food, gas for the car, everyday essentials, etc)

6. Approximate a student loan that youll have at the end of your education. If you dont have a student load assume $10,000 for the purpose of this assignment. You will start paying off at the same time youll buy a car, a house, and furniture. The loan was subsidized with interest at 2.75% starting the day you start paying off the loan. You have 10 years to pay off the loan. Find the monthly payment on the loan

=121/(1+12)120

7. Get a job. Find a job that youre interested in getting after completing your education. Calculate monthly spending and how much money is left for leisure activities (restaurants, bars, clothes, travel, and fun activities). Those of you whod like can base these measurements on a 2-income household.

*(Calculate income tax (approximately 18%) before you start your budget

*(Subtract the necessary expenses.)

*(Summarize your conclusions include information about the leisure budget.)