1). You are going to buy a home, and will be taking out a home loan for $275,000. The loan will be a standard 30 year loan, compounded monthly, with an APR of 7.9%.

a). Calculate the uniform payment series for the loan.

b). Construct an amoritization table that separates payments into interest and principle portions.

c). If you pay an additional $150 per payment period for the first 4 years of the loan, what will the new pay off date be.

2). Give three examples of projects or products for each category:

a). Developmental

b). Commercial Off the Shelf (COTS)

c). Government Off the Shelf (GOTS)

3). You work at Clark Construction in the business capture group, and there information has been given by a developer for a possible new apartment building. Answer the questions below.

a). In order to assess whether or not to pursue this project, your leadership asks for a preliminary cost estimate. What would be the most appropriate cost estimation technique for this situation? Why?

b). Your firm has decided to bid on the project, and has developed a preliminary design (not a detailed design). What would be the most appropriate cost estimation technique for this situation? Why?

4). Pick model year 2022 or 2023 sedan currently for sale and lease from dealerships. Perform a lease vs. buy analysis with the pricing information available. Why option should be selected based on this analysis? What other factors should be considered?