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Hi, please complete the following attached assignments for $15. The assignments are really simple if you know how to solve financial planning and basic math

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Hi, please complete the following attached assignments for $15. The assignments are really simple if you know how to solve financial planning and basic math calculations. I am really horrible and math and don't understand the concept of the problems. Thank you for your help.

image text in transcribed W 9 WORKSHEET Worksheet for the Lease versus Purchase Decision Cost of Purchasing a. b. c. d. Agreed-upon purchase price Down payment Total loan payments (monthly loan payment x ___ no. months) Opportunity cost of down payment [line b x (1 + foregone rate of return (number of years))] e. Less: Expected market value of the car ar the end of the loan f. Total cost of purchasing $0 Cost of Leasing g. Down payment (capitalized cost reduction) + security deposit h. Total lease payments (monthly lease payment x ___ no. months) i. Opportunity cost of total initial payment [line g x (1 + foregone rate of return(number of years))] j. Any end-of-lease charges (e.g., excess mileage), if applicable k. Less: Refund of security deposit l. Total cost of leasing $0 $0 W 11 WORKSHEET Worksheet for Calculating the Maximum Monthly Mortgage Payment and Mortgage Size for Which You Can Qualify Method 1 Determine Your Maximum Monthly Mortgage Payment Using the Ability to Pay, PITI Ratio. $1,700 a. Monthly income (annual income divided by 12) b. Times 0.28: Percentage of PITI (Principal, interest, taxes, and insurance) to your monthly gross income that lenders will lend in the form of a mortgage loan (multiply line a by 0.28) x 0.28 c. Less: Estimated monthly real estate tax and insurance payments d. Equals: Your maximum monthly mortgage payment using the 28% of PITI ratio = = $476 $476 To Determine the Maximum Mortgage Loan Level Using the Maximum Monthly Mortgage Payments as Determined Using the PITI Ratio (line d): Step 1: Monthly mortgage payment for a $10,000 mortgage with a ____ year = maturity and a ____% interest rate (using Table 8.1) Step 2: Maximum mortgage level = maximum monthly mortgage payment (line d) divided by the monthly mortgage payment on a $10,000, ____%, ____year = mortgage (step 1 above) times $10,000 = (line d/step 1) x $10,000 Method 2 Determine Your Maximum Monthly Mortgage Payment Using the Ability to Pay, PITI Plus oth Fixed Monthly Payments, Ratio. e. Monthly income (annual income divided by 12) f. Times 0.36: Percentage of PITI + current monthly fixed payments to your monthly gross income that lenders will lend in the form of a mortgage loan (multiply line a by 0.36) x 0.36 = $0 g. Less: Current nonmortgage debt payments on debt that will take over 10 months to pay off and other monhtly legal obligations such as child support - and allimony payments h. Less: Estimated monthly real estate tax and insurance payments i. Equals: Your maximum monthly mortgage payment using the 36% of PITI + other fixed = Monthly payments ratio (line f - g - h) $0 To Determine the Maximum Mortgage Loan Using the PITI Plus Other Fixed Monthly Payments Ratio (line i): Step 1: Monthly mortgage payment for a $10,000 mortgage with a ____ year = maturity and a ____% interest rate (using Table 8.1) Step 2: Maximum mortgage level = maximum monthly mortgage payment (line d) divided by the monthly mortgage payment on a $10,000, ____%, ____year = mortgage (step 1 above) times $10,000 = (line i/step 1) x $10,000 Method 3 Determine Your Maximum Mortgage Level Using the "80% of the Appraised Value of the House" Rule. j. Funds availble for the down payment and closing costs k. Less: Closing costs l. Equals: Funds available for the down payment = $0 = $0 m. Times 4: Maximum mortgage level using the "80% of the appraised value of the house" rule (the 20% down, line l, times 4 equals the 80% you can borrow) x4 Conclusion: Maximum Mortgage Level for Which You Will Qualify (the lowest of the amounts using method 1, method 2, or method 3) = ortgage ualify

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