Financial Project Assignment Example | Topics and Well Written Essays - 500 words

Financial Project - Assignment Example The extra amount of $ 121,000 was to be taken in form of a loan for repayment in monthly installments. In the event that the loan is to be repaid for 20 years a total of $ 849.52 per month is to be remitted. If the loan is to be repaid in 25 years, a total of $761.22 in form of principal and interest is to be remitted. This means an addition of $ 88.3 would be needed for this increment to result in the repayment being reduced to 20 years. The increment of $ 88.3 means that this figure will be deducted from the extra amount in the pay slip. This will not be on advisable thing to do in the event that one meets his/her monthly expresses with less than $100 left over. A good organization in one`s financial aspects require some money left to cater for emergencies (Roberts and Ralph 2009). This would mean a surplus of $ 11.7 will be what one would be left with. This will not be good especially within a family setting. It is possible for the loan to be repaid in 20 years. The current balance is $ 112,242.47. Refinancing means that one has decided to pay off the accrued loan balance which includes both the principle and interest (Roberts and Ralph 2009). Paying off this loan in 20 years would mean a change in the interest rate or monthly installments. At an interest rate of 5.75%, the total interest to be paid at the end of 20 years would be $ 82,885.05. This means the total amount to be refinanced at the end of 20 years would be 203,885.05. At an interest rate of 4.05%, the total amount in interest to be repaid amounts to $ 55,742.73. Refinancing would require an upfront payment of $ 2,000; this figure would be added on both of these final amounts. This translates to $ 205,888.05 for 5.75% interest rate and $ 178,742.73 for 4.05%. Credit rating is assumed to be the credit worthiness of an individual (Roberts and Ralph 2009). There are specific agencies that are charged with the mandate to judge whether an

Home Design Assignment Example | Topics and Well Written Essays - 1250 words

Home Design - Assignment Example Surface-mounted fans provide good ventilation for smaller areas. Large houses may need more than one. Remote-mounted fans can pick up stale air from a single point. Or, they can be attached to a branched duct system with picks ups in two or three locations. This makes them a good choice for large houses. If properly rated, the fan could be attached to a range hood. Large houses and several multifamily units can be ventilated by a single multiport fan. Some units can accept a duct from the range hood. Most operate at two or more speeds. Several manufacturers sell complete kits with all the ducts and accessories. These may cost a bit more, but the kits simplify installation. This type of heat-recovery ventilator provides balanced air flow and recovers up to 85 percent of the heat from outgoing air. By warming the incoming air, AAHXs provide greater comfort in cold climates than other types of ventilation systems. Units can be sized for any home and small commercial buildings. By employing a heat pump unit about the size of a window air conditioner, an exhaust air heat pump (EAHP) offers exceptional heat recovery efficiency. It can also provide most of the hot water needed by an average family. While the exhaust fan is controlled by timers, heat recovery engages only when hot water is needed. Solar attic fans are a new group of products that use solar energy to move hot attic air. Attic exhaust fans remove hot air from attic spaces, while whole house fans remove hot air from both living spaces and the attic at the same time. * Whole House Fan in Cathedral Ceiling Whole house fans provide enormous air movement through out your home. Install one in a home with a cathedral ceiling. It can be done. * Crawl Space Vents Crawl spaces collect and condense water vapor. Crawl space ventilation is necessary to prevent mildew or rot. Vapor barriers may provide better protection than crawlspace vents. * Roof Ventilation with Turbine Vents Turbine vents can replace the hot air