You and your spouse are just married and seriously considering to buy your own apartment / house to start a family. INSTRUCTIONS: 1. Assume your combine household income is RM 8,000 per month, prepare your full monthly expenses such as food, insurance, car instalment, petrol and life style expenses, phone (if any) and accommodation. Please do allocate some budget for repeated incidental expenses i.e. car insurance renewal, car repair / breakdown etc. 2. From the budget allocation for your accommodation, identify TWO properties of your choice based on your preference either location / design / completed / under construction (brochure to be included with selling price is mentioned) - explain reasons of your choice. 3. Approach (browse) any financial institution to inquire on mortgage loan regardless whether Islamic and conventional loan. Summarise both offers in terms of profit rate or interest rate, tenure, % deposit if required, max % financing, monthly instalment and any other attractive features (if any). Enclose financing brochures if available. 4. Using the basic knowledge that you have gained from this class especially on Time Value of Money, what is your preferred choice of property and financing loan. Please show detail calculation of both loan and justify your answer. Note : Assignment answer should be in report form. Outline of the report are as follows: 1. Introduction a. Briefly describe your family and employment background b. Objective of the assignment 11. Question #1: Prepare your Monthly Budget for one year Question #2: Justify your property's preference IV. Question #3: Summarise mortgage loan information and comparison from any 2 Financial Institutions. V. Question #4: Justify your preferred choice