Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Make your likes visible on Facebook?

Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.

No, thanks

Finance Project

Maggie Wyntjes
by

Math Class

on 4 May 2011

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Finance Project

Apartments are smaller and cheaper. Condos people usually buy rather then rent. The price of this condo is $233,000.00 2 bedrooms and 1 bathroom 10% down payment Down payment is $25,000 Mortage from the bank is $208,000
To pay it off in 25 years at 4.45% interest your monthly payment would be $1,145.45 To make that monthly payment for 25 years you would
have paid $343,635 on your mortage. Your finance charge after the mortgage would be $1356,35. To pay your mortage in 20 years with the same interest rate. The monthly payments would be $1,305.75.
The total amount you will have paid would be $313,380. The finance charge after the 20 years is $1053.80 The amount of money that a person would save paying the mortage off in 20 years rather then 25 difference in finance charge. You would save $251.95. People choose to pay off their mortage in 25 years rather then 20 because the bank offers it as a better deal so that they are able to make more money off of you. Expenses include:
-condo $1,305.75
-food $100
-gas $280
-cellphone $100
-electricity $80
-toiletries $50
-insurance $150
-water and heat $50
-internet $20
total=$2135.75 Social worker in Canada makes $34.10 per hour. $1364 per week and a salary of $70,000 a year. Deductions off of every 2 week pay check of 38%. Each paycheck will be $2728 with deductions of $1036.64. Every month I will be bringing in an income of $3382.72. After all of my expense I will have $1246.66 left over.
Full transcript