Car Buying Assignment Research Paper Example | Topics and Well Written Essays - 1250 words

Car Buying Assignment - Research Paper Example Present Value Annuity of 5% for 10 years =12.578(use a financial table for PVA, Tapiero, 2010) = ($180 12.578 (PVA 5%, 10 years) = $2,264.04 SOLUTION 4 Amount saved=$ 3,800 Time =5 years Rate=7% Present value annuity of 7% for 5 years=2.624(use a financial table for PVA, Tapiero, 2010) = ($3800 x 2.624(PVA 7%, 5yrs) =$9,971.2 SOLUTION 5 Cash cost=$60 Credit cost = ($60+ ($34for 24) =$876-$695= $181 Home Buying Assignment Grading Rubric Table Comparing Data for the Two Homes Particulars For each home in terms of: 1942 San Ysidro Drive Beverly hills’, CA 18737 Gledhill Street Northridge, CA Price $1,195,000 $579,000 Age 57 years 59 years No. of bedrooms 3 3 No. of bathrooms 2 2 Square footage 2310 1670 Lot size 0.29 0.21 Price per square foot $517 $347 Comparison of the Particulars of the Two Homes The essence of using the two zip codes is to try and locate the appropriate region for buying a particular home so that it can be convenient in terms of reaching to your work station (Lucier, 2005). This can also determine the accessibility of resources and services conveniently for places such as schools, hospitals, church. Therefore, the two zip codes are logically used so as to enable the person interested in buying a home be able to determine the right location of the home with regards to accessibility of various services. In addition, an individual should also consider the shipping factor especially if most times they will be receiving goods through shipment, then a convenient and a strategic location would be a better choice. Considering the total prices for the two homes it is realized that the Beverley hills home is more expensive as compared to that in Northridge both in California. The above table shows that the home in 1942 San Ysidro Drive Street in Beverly is costs $1,195,000 while that along 18737 Gledhill Street costs $579,000. This also proves that those who stay in this area are financially capable (Lucier, 2005). This information would enable t he home buyer to know how to prepare and plan within the limits of his or her budget. After receiving prior information the buyer will plan and ensure that his objectives are precisely met. An individual can therefore make a good decision by comparing the prices of the two homes and knowing which among the two will be within his financial ability before any transactions are made. The price per square foot for the first home in Beverly is about 517 dollars while that along the Gledhill Street in Northridge is about 347 dollars. This comparison illustrates that land as a property is highly valued in Beverly than in Northridge especially for constructed buildings. In this, the price per square foot shows the value of the house especially by using a square foot that is equated to a given price which helps in determining how much money can be paid, alternatively, if an individual wishes to buy the whole home (Lucier, 2005). T