Chad Zutter, a 25 years old university graduate, and he wishes to retire at age of 65. To cover his cost of living after retiring, he deposits $2,000 each
year into retirement fund. He will earn 10 percent over the fund until he
retires. *
I
(a) If Chad makes an annual end of year payment, how much will he has when he retired. (b) If Chad decided to
start saving beginning of the year, calculate the amount he will has when he retired. (c) If Chad start investing at
the age 30 years old, how much will he has when he retired with annual end of the year payment. (d) Based on
the answer (C) if Chad decided to save beginning of the year, calculate the amount he will has when he retired.
(e) Using the findings in (a), (b), (c) and (d), recommend an option to Chad on his savings in retirement fund and
do justify your answer.

i would ask my boss to do more things around the car shop. and i would slowly work my way up to working on cars and becoming a full time mechanic.

answer; private store;

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans. 

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.