The scenario is designed to help you determine and evaluate the payment amount of a car loan and a mortgage, based on the assumption that your household income is $36,000 per year or $3,000 per month.
Based on your income, you may spend 28% of your monthly income on housing, and 10% on a car loan. You are to put a 3% down payment on the house and a 10% down payment on the car.
Using Microsoft Excel, address the following issues:
By Tuesday, November 26, 2013, submit your completed responses to this Final Project assignment to the W2: Assignment 2 Dropbox. Your submission must be in a Microsoft Excel spreadsheet. Show all your calculations, and use textboxes for the narratives.
Name your document SU_FIN2030_W2_A2_part2_LastName_FirstInitial.
|Assignment 2 Grading Criteria||
|$15.00||no category||fornicola||0 time(s)|
|$20.00||no category||nitkkr||1 time(s)|