Loan Amortization

Paper instructions:
You are a recent college grad and just received the job of your dreams. You have decide to purchase a new car and home. In preparing for your new car you do your research. Access and use a loan calculator for your car and home purchase. Analyze the following data:

Assignment Data
Car Purchase Amount Length of Loan Interest 1 Interest 2 Interest 3
  $30,000 48 months 1.99 4.99 9.99
  $30,000 60 months 0.99 4.99 8.99


Home Purchase Amount Length of Loan Interest 1 Interest 2
  $300,000 15 yrs 4.68 6.5
  $300,000 30 yrs 3.68 4.68
Review the amortization tables for each loan and identify the total interest paid in each scenario.

Write a 1-2 page papers discuss your finding for each loan then determine which combination of car and home loan you will select.Discuss the importance of good credit and how it will impact your total payments. The paper does not need to be in APA format.

Time Value of Money
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You are the sport agent for a rising basketball star just drafted in the first round. Your client has two offers on the table option

$90 million dollars over 5 years or option
 $30 million signing bonus and 40 million over the next 3 yrs.
What option do you recommend? How does the time value of money impact your decision?