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Decisions About Buying a Home or Automobile

• From the second e-Activity, discuss two advantages and disadvantages of renting versus buying a home. Support your rationale with two specific examples of such advantages and disadvantages. Describe two pros and cons of buying a new vehicle instead of a used one. Provide two examples based on your own experiences, the experiences of others that you have observed, or from the readings in this course.

Eactivity: Go to the National Education Association's Savings and Investments Website located athttp://www.neamb.com/finance/savings-and-investments.htm#tools or the Home Loans Website located athttp://www.neamb.com/finance/home-loans.htm#tools. After selecting the "Tools" link, choose at least two of the calculators from the list to aid in identifying good personal financial behaviors geared toward saving for a home. Be prepared to discuss.

• Watch the following Chapter 5 Kiplinger videos using the links below and be prepared to discuss:

o "Buy or Lease a Car", (2 min 13 s)- http://www.cengage.com/finance/book_content/143903902X_garman/financecentral/videos/3-Buy_or_Lease_a_Car.html

o "How Much House Can You Afford", (2 min 12 s)- http://www.cengage.com/finance/book_content/143903902X_garman/financecentral/videos/17-How_Much_House_Can_You_Afford.html

o "Fixed Rate vs. Adjustable Rate Mortgages", (1 min 59 s)- http://www.cengage.com/finance/book_content/143903902X_garman/financecentral/videos/4-Fixed-rate_versus_Adjustable-Rate_Mortgage.html

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91891334

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