Description of selected properties (house): photo, furnished/unfurnished, equipment, social facilities, location, price, seller

Introduction

Theoretical part

One page of review about time value management topics (you can choose whatever you would like to) using at least citation of 5 authors.

Citation style: Harvard style

Practical part

1. Description of selected properties (house): photo, furnished/unfurnished, equipment, social facilities, location, price, seller….
2. Description of your incomes: You have no savings but you have a proper job. Set an average salary

1.option:

1. You would like to buy a house. So you decided in 2009 to save your money on bank’s account during five years (Calculation of FV₍₅₎ of your saving after five years)
2. In 2014 you will decide that on the rest of needed money to buy a house, you will take a mortgage. Choose a current loan from a current bank institution and put a reason why you have chosen this institution for a proper years?
3. Calculate Amortization Schedule Calendar of the loan
4. Calculate, what kind of money you would have to pay today (2014) to buy a house using your savings and mortgage?

2.option

1. You would like to rent a flat/house in 2014.
2. Description of selected properties (renting a flat/house): photo, furnished/unfurnished, equipment, social facilities, location, price, seller….
3. Calculate monthly payment of the rent of house/flat
4. Calculate, what kind of money you would have to pay today (2014) to rent a house/flat using all monthly payments when the rent contract will last 7 years
5. Put a comparison analysis of results of buying and renting a property. Which is preferable for you?
6. Please calculate if:
   1. Buying a house would be better (you will pay less) than within a case of renting a house/flat,:

• For how many years should you rent a house/flat so it becomes profitable for you , you should rent a house/flat if you would like to find out if the renting a house/flat would be preferable for you

1. Renting  a house/flat would be better (you will pay less) than buying a house:

• For how many years  should you rent a house/flat so it becomes unprofitable for you