In 4 years time, Mr and Mrs Monash intend to buy a 3 bedroom house in Caulfield to live in. They intend to spend $1,450,000 Task 1: Mr and Mrs Monash have the following conditions and needs of the loan you present to them: The loan has to be from a Non-bank financial insitution The loan needs to have a Offset facility Mr & Mrs Monash wish to make monthly repayments They wish to borrow money for 30 years They wish to take a fully amortizing loan. They are interested in a 5 year Fixed rate loan (use comparison rates only) Mr & Mrs Monash want an LVR of 85% Today, Mr and Mrs Monash have $1,200.00 of disposable income to service their debt at each loan repayment period. Task 2: Mr and Mrs Monash have the following conditions and needs for the term deposit you present to them: The term deposit is to be from a Non-big 4 Bank (domestic or foreign) The term of the deposit matures when they purchase the house in the future. . They require interest to be calculated and paid quarterly Mr and Mrs Monash have $90,000 to investment today