Lending Rates

$15-$year mortgage rate is $5\mathrm{.}0\%.$

$30-$year mortgage rate is $6\mathrm{.}0\%.$

secured personal loan rate is $10\mathrm{.}0\%.$

duluation Information dollars for Michael's education. Tuition has bect to fund $$15,000$ per year for five years in today's to continue indefinitely.

NTERNAL INFORMATION

nsurunce Information

Life Insurance

$\backslash$table$[[,$Policy A$,$Policy B$],[$Insured$,$Mike,Maria$],[$Face Amount,$$150,000,$$$40,000],[$Type$,$Term,Term$],[$Cash Value,$$0,$$$0],[$Monthly Premium,$$156,$$$50],[$Who pays premium,Mike,Mike$],[$Beneficiary$,$Maria,Mike$],[$Policy Owner,Mike,Maria$],[$Settlement options clause selected,None,None$]]$

Health Insurance

Mike and Maria are covered under the Major League Baseball policy. The plan includes a family deductible of $$12,600$ at a cost of $$500$ per month.

Long$-$Term Disability Insurance

Neither Mike nor Maria are covered by any disability insurance.

Homeowners Insurance

The Romans have a HO$3$ policy with endorsements for replacement value and open perils for personal property. The current dwelling coverage is $100\%$ replacement value with an inflation rider. Mike and Income and Expenses

Statement of Income and Expeman

Expected $($Approximate$)$ For $2021$

Retirement Planning Mike and Maria case study.

All of the needed information is in the pictures. Provide the cost of Michaels college education. They expect Michael to recieve a partial baseball scholarship, but they plan on paying $$15,000$ per year for $5$ years.

Establish a retirement plan for the income Mike earns at RBI