Prepare a write-up of your report of at least 3 pages or more, 12 points...

70.2K

Verified Solution

Question

Finance

Prepare a write-up of your report of at least 3 pages or more, 12 points font and double space. The write-up should be a report format, summarizing all your findings and support your findings with numbers (using the questions asked as a guideline to form the report format). The report should have three main parts, introduction, body, and conclusion. The introduction should provide a brief introduction what you will be discussing the project including the purpose of the assignment. In the body, students should summarize their findings in words and support the findings with the numbers. Insert the table that summarizes your finding where appropriate. Insert graphical representation if necessary where the text is being discussed. Use the tables to present your finding particularly when it involves comparison and numbers. Even when the data is presented in that table, the explanations of those numbers are needed. In the conclusion, you need provide the main finding of your report, reemphasize your key findings. There is no need to explain the calculation in the report. The report should not be laid out as an answer to each question. Attached all raw data, calculation, and regression output at the end of project. The assignment report has to be well-written and well-organized and free from grammatical mistakes. Please format all the number to 4 decimals for easy comparison. Please place the $ or % where it is appropriate. Insert the raw data and long table at the end of the report. Create graphical representation as needed. 2

Table 1: 30-Years and 15-Years Mortgage
30-Years Mortgage 15-Years Mortgage
Home Value $150,000 $150,000
Loan Amount $120,000 $120,000
APR 4.00% 4.75%
Financing Period 360 180
Table 2: 30-Years and 15-Years Monthly Mortgage Payments and Total Interest Paid
30-Years Mortgage 15-Years Mortgage
Home Value $150,000 $150,000
Loan Amount = PV $120,000 $120,000
APR = APR/12 = I/Y 4.00% 4.75%
Financing Period = N 360 180
CPT PMT $572.90 $933.40
Difference in Each Month Payment $360.53
Total Interest Paid = $86,243 $48,012
(Monthly Payment * Number of Payment)-Loan

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students