TVMn- Interest Assignment

TVMn- Interest Assignment

As illustrated in Table 1, the most feasible car purchase plan comprises interest 1 (0.99) payable for 60 months with an interest of $761.03. At the maturity date, I will have paid a total sum of $30,761.03. On the other hand, as shown in Table 2, the best financing model for my home acquisition entail interest 1 (4.68) serviced in 15 years, accumulating interest of $118,081.55. Therefore, through this plan, at the maturity date, I will have paid $418,081.55. I trust that these two plans represent the best combination as they are cheaper than the other available options presented by the financing entity. For example, regarding the home, a shorter amortization period means I will save significantly on interest over the life of the loan and own the property sooner.

Increasingly people are becoming reliant on credit to make purchases and other financial decisions. For this reason, I trust that my good credit score will reassure the bank of my history to service my debt obligations to entities...