Assignment 2: Quantitative Exercises and Final Project 1: Amortization
Part One: Quantitative Exercises
Download the Week 2 quantitative exercises calledFIN2030_W2_A2_Template.xlsx.
Complete the assignment using this template. You may use the formulas in Microsoft Excel and/or a financial calculator. Be sure to summarize your results with embedded formulas in the spreadsheet, using the mathematical equations, or the steps taken on the financial calculator.
Deliverable:
By Saturday, October 18, 2014, submit the completed assignment using the Microsoft Excel template provided, to the W2: Assignment 2 Dropbox. Show all your calculations.
Name your document SU_FIN2030_W2_A2_part1_LastName_FirstInitial.
Scenario for Week 2: Amortization
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.
Required:
Using Microsoft Excel, address the following issues:
Deliverable:
By Saturday, October 18, 2014, 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 
Maximum Points

Correctly calculated the needed responses to the TVM problems on the template. 
15

Correctly determined the car and mortgage payments. 
5

Correctly constructed the amortization schedule. 
15

Came to the correct conclusions and implications concerning the distribution of principal and interest contained in the amortization schedule. 
5

Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources; displayed accurate spelling, grammar, and punctuation. 
10

Total: 
50

Subject  Business 
Due By (Pacific Time)  10/18/2014 12:00 am 
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