Mortgage and Car Payment Scenario

Author: Client Uploads

January 23rd, 2021

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. Tasks: What is the maximum car payment and mortgage payment you can afford with the following conditions: your monthly household income, 10% for the car payment over 4 years, and 28% for the 15 year mortgage payments? Create a complete amortization schedule for the car, using the information above. Analyze the distributions of principal, interest and the balance over the life of the loan.

Struggling to find relevant content or pressed for time? – Don’t worry, we have a team of professionals to help you on

Get a 15% Discount on this Paper

Order Now

Calculate the price

Make an order in advance and get the best price

Type of paper

Academic level

Deadline

Pages (550 words)

$0.00

*Price with a welcome 15% discount applied.

Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.

We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.

step 1

Upload assignment instructions

Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.

step 2

Relax

Once you place an order with our professional do my paper services, all you need to do is relax as our experts work to impress you with amazing quality and timing for your order!

step 3

Review the final draft

As soon as the paper is ready, we’ll send you a copy via email. You'll also be able to download it from your account and request a revision or rate the work as appropriate.

Get personalized services with MyCoursebay

One writer for all your papers

You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments

Same paper from different writers

Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers

Copy of sources used

Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order

What our partners say about us

We appreciate every review and are always looking for ways to grow. See what other students think about our do my paper service.

Psychology

I was disappointed because I didn't receive my order on time but I'm thankful to have it.

Customer 452775, December 4th, 2023

Technology

Excellent job on the paper!

Customer 452885, December 28th, 2022

Other

GREAT

Customer 452813, June 25th, 2022

English 101

The paper was late. However, it was excellent quality.

Customer 452561, July 2nd, 2021

Other

thanks

Customer 452653, October 31st, 2021

Human Resources Management (HRM)

Thanks for your assistance and promptness.

Customer 452701, November 1st, 2022

Other

Great job

Customer 452813, July 27th, 2023

Criminal Justice

Impressive! Will be using the service again.

Customer 452485, December 5th, 2021

Nursing

Thank you!

Customer 452707, April 3rd, 2022

IT, Web

Did an excellent job with the body of the paper and staying on the topic.

Customer 452885, October 27th, 2022

Human Resources Management (HRM)

Thank you

Customer 452701, September 15th, 2023

Other

Amazing work

Customer 452909, September 4th, 2024

OUR GIFT TO YOU

15% OFF your first order

Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.

Claim my 15% OFF Order in Chat