1 Jim wants to buy a house worth $ 574 000 He is planning on making a down payment 20 The down payment amount is $114800 $459200 is left to be financed through the bank Jim has a few financing options to choose from Are the payment amounts the values you would expect moving from the different payment options Explain If there is a difference in what you would expect from certain payment options state the difference you notice and indicate by there is a difference Option 1 6 per year, compounded semi annually Monthly payments for 25 years Determine payment amount Option 2 6 per year, compounded semi annually Weekly payments for 25 years Determine payment amount Option 2 6 per year, compounded semi annually Bi weekly payments for 25 years Determine payment amount 1 Jim wants to buy a house worth $ 574 000 He is planning on making a down payment 20 The down payment amount is $114800 $459200 is left to be financed through the bank Jim has a few financing options to choose from Are the payment amounts the values you would expect moving from the different payment options Explain If there is a difference in what you would expect from certain payment options state the difference you notice and indicate by there is a difference Option 1 6 per year, compounded semi annually Monthly payments for 25 years Determine payment amount Option 2 6 per year, compounded semi annually Weekly payments for 25 years Determine payment amount Option 2 6 per year, compounded semi annually Bi weekly payments for 25 years Determine payment amount

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1  Jim wants to buy a house worth $ 574 000  He is planning on making a down payment 20   The down payment amount is $114800  $459200 is left to be financed through the bank  Jim has a few financing options to choose from  Are the payment amounts the values you would expect moving from the different payment options  Explain  If there is a difference in what you would expect from certain payment options state the difference you notice and indicate by there is a difference  Option 1 6  per year, compounded semi annually  Monthly payments for 25 years  Determine payment amount  Option 2 6  per year, compounded semi annually  Weekly payments for 25 years  Determine payment amount  Option 2 6  per year, compounded semi annually  Bi weekly payments for 25 years  Determine payment amount 1  Jim wants to buy a house worth $ 574 000  He is planning on making a down payment 20   The down payment amount is $114800  $459200 is left to be financed through the bank  Jim has a few financing options to choose from  Are the payment amounts the values you would expect moving from the different payment options  Explain  If there is a difference in what you would expect from certain payment options state the difference you notice and indicate by there is a difference  Option 1 6  per year, compounded semi annually  Monthly payments for 25 years  Determine payment amount  Option 2 6  per year, compounded semi annually  Weekly payments for 25 years  Determine payment amount  Option 2 6  per year, compounded semi annually  Bi weekly payments for 25 years  Determine payment amount

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1. Jim wants to buy a house worth $ 574 000. He is planning on making a down payment 20%. The down payment amount is

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