Part I: Interview
Name of Interviewer: Marina Corrieri
Name of Person Interviewed: Amy and Michael Corrieri (joint interviewed since they share accounts)
Date: 3/13/16
Cash
1.
2.
3.
4.
When was the last time you used cash? 3/12/16
What did you purchase? G

Part I: Research and Determine Mortgage Amount
1. 2264 E Desert Broom Pl,
Chandler, AZ 85286
3 beds - 2 baths - 2,155 sqft - selling for $328,900
2. $328,900
3. 10%, $32,890
4. $296,010
Part II: Calculate Total Costs
A bank offers the fixed rate loan show

Details for '05.05 Investment Stocks and Bonds'
Item: 05.05 Investment Stocks and Bonds
Score:
80%
(Calculated)
Class Statistics Submission History
Submitted: Saturday, May 7, 2016 1:26 PM
Answers:
1. Ashley purchased a 10-year $3,000 bond at par value wi

Part I: Research
Number of bedrooms 2
Number of bathrooms 3
Square footage 1797
Lot size 0.03 acres
Year built
Condition (Examples: mint condition or fixer-upper) mint condition
Asking price
Method of Research (on foot, real estate office, online, etc.) o

Item: 04.02 Mortgage Adjustable Rate
Score:
100%
(Calculated)
Class Statistics Submission History
Submitted: Wednesday, April 13, 2016 7:01 AM
Answers:
1. A bank advertises a 2/1 ARM at 3.25% with a 2/10 cap.
What is the maximum interest rate that can be

04.03 Mortgage Balloon
Score:
100%
(Calculated)
Class Statistics Submission History
Submitted: Wednesday, April 13, 2016 8:00 AM
Answers:
1. Answer the question below using the following
amortization table.
Month Principal
Interest
Balance
Paid
Paid
21
$6

Details for '05.02 Investment Future Value'
Item: 05.02 Investment Future Value
Score:
93%
(Calculated)
Class Statistics Submission History
Submitted: Tuesday, May 3, 2016 11:20 AM
Answers:
1. Parker bought a 15-year treasury bond for a face amount of $40

Part 1: Scenario
Client: Izzy Corrieri (sister)
Scenario: Your client came to you because she would like to purchase her own home. She has
$5,000 saved for a down payment, but needs to save $10,000 more.
Here is her current situation:
Annual income after