5155,000 ? 4. Complete the fint twe moaths of the anortarion schedule for pavments et the car loan 5. You now have to get full coverage insarace. Whle vou had the cider car, you were able to have liablity insurance that only covered the ocher car if you had a collision. Now that you have a loan on a vehicle vou munt have tull covenct on resf velicle. This recuires comprehention and collision also. Flcase do a search os the internet (the weblite will ave for an email, so if yeu do not want span mal comine to your emal actoone, make up a fake mall acfogth for you to use on this assienment] on a car that matches this criterion. You can we a Nostan Altima SR if them to complete a fuli coverace qugte for a school project. Ask them to take your currenk car at a new car age (20 - this year) a full coverace and find the price of it with your driving tecord: Either of these is possble. You can even lock we a vehicle that you mighe be consemplatirg insurance on a sew vebicle. Do thla for 6 months. Minimum coverage 100/300/100. 6. You hwe alway dreamed of owhing wour very canh homel it upsets you that you an't even paint your own bedroom the colar you want to paint is? You find a very nice herne that has it fiedes for the name of a car. Tou on ahe spl vour enurance agent, 1 comfortable, and aik 3155.000 ? Let's say you have just that much for the down payment. The experts say that you should not spend more than 25% of your paycheck for a house payment. How much is 25% of your paycheck amount? (Hint: go back to number 1 and find that answer.) (mantily51+,y) Would 30 years, 25 years, or 20 years be the best option for the number of years for payments? Why do you say that? Explain. (Hint: you must take the PMT formula for all three amounts and find out the difference in the payments.) 7. Add Taxes and Insurance to principle and interest payment in number 6 . Insurance for a year on the home will cost $2461 and the taxes are $2025. How much will your PITI equal? Comnlete the first two months of amortization schedule for payments of the house loan. 5155,000 ? 4. Complete the fint twe moaths of the anortarion schedule for pavments et the car loan 5. You now have to get full coverage insarace. Whle vou had the cider car, you were able to have liablity insurance that only covered the ocher car if you had a collision. Now that you have a loan on a vehicle vou munt have tull covenct on resf velicle. This recuires comprehention and collision also. Flcase do a search os the internet (the weblite will ave for an email, so if yeu do not want span mal comine to your emal actoone, make up a fake mall acfogth for you to use on this assienment] on a car that matches this criterion. You can we a Nostan Altima SR if them to complete a fuli coverace qugte for a school project. Ask them to take your currenk car at a new car age (20 - this year) a full coverace and find the price of it with your driving tecord: Either of these is possble. You can even lock we a vehicle that you mighe be consemplatirg insurance on a sew vebicle. Do thla for 6 months. Minimum coverage 100/300/100. 6. You hwe alway dreamed of owhing wour very canh homel it upsets you that you an't even paint your own bedroom the colar you want to paint is? You find a very nice herne that has it fiedes for the name of a car. Tou on ahe spl vour enurance agent, 1 comfortable, and aik 3155.000 ? Let's say you have just that much for the down payment. The experts say that you should not spend more than 25% of your paycheck for a house payment. How much is 25% of your paycheck amount? (Hint: go back to number 1 and find that answer.) (mantily51+,y) Would 30 years, 25 years, or 20 years be the best option for the number of years for payments? Why do you say that? Explain. (Hint: you must take the PMT formula for all three amounts and find out the difference in the payments.) 7. Add Taxes and Insurance to principle and interest payment in number 6 . Insurance for a year on the home will cost $2461 and the taxes are $2025. How much will your PITI equal? Comnlete the first two months of amortization schedule for payments of the house loan
