Whether or not to purchase real estate is an important decision for business leaders. Does it make sense to lease space or would it be more cost effective to purchase property? To purchase property, it may be necessary to take out a mortgage.

April 8, 2023April 8, 2023 Discipline: Other

Discussion Overview

Whether or not to purchase real estate is an important decision for business leaders. Does it make sense to lease space or would it be more cost-effective to purchase the property? To purchase property, it may be necessary to take out a mortgage.
Post 1: Initial Response 100 words
You want to investigate whether it will make financial sense for your business to purchase some real estate. Find a commercial property that is for sale in your area that your business could use (purchase price must be at least $20,000). Include the URL that will take the class to the webpage for the property.
You will finance 80% of the purchase price; you will put 20% down on the purchase. Using 5% as the interest on your 30-year fixed-rate mortgage, calculate the monthly payment.
Next, calculate the payment using the same 5%, but for a 15-year mortgage. Show all steps in your calculations in your post.
In a summary paragraph, discuss the results of your calculations and what you think is the best decision for your business to make regarding purchasing the property.
Include these items in your post:
URL link to the property
Calculation of 30-year monthly payment
Calculation of a 15-year monthly payment
Steps in calculations
Summary


I WILL ATTACH THE STUDENTS IN A DOCUMENT!!!!!!!!!

Post 2: Reply to a Classmate with 100 words
You are helping make this important financial decision for the business. Find a classmate’s post that has not been replied to. Calculate the total amount of interest paid over the life of the 30-year and 15-year mortgage. Show all steps in your calculations.
In a summary paragraph, discuss the amount of money saved in the 15-year mortgage vs. the 30-year mortgage and which mortgage would make the most sense for the business at this time.
Include these items in your post:
Calculation of 30-year total interest
Calculation of 15-year total interest
Steps in calculations
Summary


Post 3: Reply to Another Classmate 100 words
Find a classmate’s thread in the Discussion Board that you find interesting and join the conversation by replying to a post. Post several sentences on this topic that are thoughtful and advance the discussion mathematically. Responses within your own initial thread will not count as a Post 3.

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