1. Using Personal Financial Planner sheet 40, housing needs, compare the advantages and the disadvantages of renting a home or apartment versus purchasing a home.
2. You buy a boat for $20,000. On average, boat prices have been increasing by 4% each year. You plan on selling your boat in 7 years. How much do you expect to pay for a new boat in 7 years?
3. Based on the following information, what is the Total Cost?
Selling price/unit = $50.00
Variable cost/unit = $25.00
Fixed Cost = $100,000
Quantity = 25,000 Units