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1. Access an online mortgage calculator.

a. Using the "Monthly Payment Calculator," compute your monthly payments assuming a $100,000 loan at 6% for 30 years.

b. Use the same information in "a" except compute the payments for a 15-year loan.

c. Input your current monthly income or estimated monthly income after graduating, your other monthly debt payment including credit cards, and an interest rate of 6%. How large a mortgage do you qualify for assuming a 15-year loan? Assuming a 30-year loan?

2. Access a new car calculator, and enter the information identifying the make, model, and features of your dream car. Are there any available in your area? What are the price ranges?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92060698

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