Project for Finite Analysis
Part 1?
Select a car or truck of your choice, new or used, and price it.Any number of resources can be used (for example, manufacturer's ordealer's website, Craig's list, Kelly Blue Book).
or
Select a piece of real estate (residential, commercial,warehouse, land), any number of resources can be used(www.realtor.com is one option). You will need to include a listingsheet/link with your submitted assignment.
Part 2:
Develop two different fixed-rate financing strategies thatinclude:
- Down payment
- Interest rate
- Term of the loan
Part 3:
Create an amortization schedule for each financing option usingthe mortgage template in Excel.
Part 4:
Write an analysis and use visuals to compare and contrast thetwo financing options in detail (for example, monthly payment,total payments, total interest paid, etc.) Be specific. Which wouldyou choose? Include justifications for selecting an option.
