Mr and Mrs Monash have hired your team of financial planners to consult on their intention to buy their next home. In 5 years time, they intend buy a 3 bedroom house in Caulfield to live in. They intend to spend $1,670,000 to buy their house. Given the deposit Mr and Mrs Monash must pay in the future, they also task you with finding a good investment to help them save. Find and present in your business report, the best (highest interest rate) term deposit available in the market. No evidence nor sourcing of the comparison will result in a -4-mark penalty. An example of evidence would be providing screenshots either in the assignment main body or in an appendix, comparing your recommended product with at least two 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 Credit Union, Building Society or Mutual Bank. The term of the deposit matures when they purchase the house in the future. They require interest to be calculated and paid semi-annually Mr and Mrs Monash have $110,000 to investment today a) Given what Mr. and Mrs. Monash have to invest today, apply financial math and calculate the future value of investing in your recommended term deposit today, for when Mr and Mrs Monash need to buy their house. b) Do Mr. and Mrs. have enough now, to pay for their deposit in the future? If yes, by what percentage are they over their deposit. If not, with the term deposit investment, will they have saved enough to pay for their deposit in the future? If not, by what percentage are they under their deposit. Mr and Mrs Monash have hired your team of financial planners to consult on their intention to buy their next home. In 5 years time, they intend buy a 3 bedroom house in Caulfield to live in. They intend to spend $1,670,000 to buy their house. Given the deposit Mr and Mrs Monash must pay in the future, they also task you with finding a good investment to help them save. Find and present in your business report, the best (highest interest rate) term deposit available in the market. No evidence nor sourcing of the comparison will result in a -4-mark penalty. An example of evidence would be providing screenshots either in the assignment main body or in an appendix, comparing your recommended product with at least two 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 Credit Union, Building Society or Mutual Bank. The term of the deposit matures when they purchase the house in the future. They require interest to be calculated and paid semi-annually Mr and Mrs Monash have $110,000 to investment today a) Given what Mr. and Mrs. Monash have to invest today, apply financial math and calculate the future value of investing in your recommended term deposit today, for when Mr and Mrs Monash need to buy their house. b) Do Mr. and Mrs. have enough now, to pay for their deposit in the future? If yes, by what percentage are they over their deposit. If not, with the term deposit investment, will they have saved enough to pay for their deposit in the future? If not, by what percentage are they under their deposit
