Condo’s Available for Sale - Case Study - Accounting and Finance Assignment Help

Assignment Task:

Task:

Required #1: Work on This with Your Team-Mate A Good Friend is going to live in a building where there are Condo’s available for Sale or for Rent. Same apartment, floor, building, features & benefits.

Your mutual friend asks your advice. The background assumptions are listed below. You can answer this question any way that you feel will be helpful to your friend – either with a specific numerical rationale, or with conceptual responses in case they (or perhaps you) will get lost in the numbers and calculations. Either as an NPV question which minimizes the NPV cost of their “shelter” or as a “future” value question which considers which approach helps them maximize their future wealth. As you would expect, these two completely different approaches should get you to the same decision – or decisions if not a single best answer.

? Your friend had been thinking about buying a Condo last Winter (before Covid). Now, rates have hit an all-time low and 30-year mortgage rates were as low as 2.75% for those with perfect credit. Unfortunately, your friend as a bit slow in paying their car loan and their Cell Phone bill for a month or two last year, as “Financial Organization” is not their best attribute. So, they know their mortgage rate may be a bit higher than those with perfect credit.

? They have good net worth and can buy the Condo for cash if they want, or if not buying the Condo for cash, invest the balance at an assumed rate of return of 7% (measured over the long term) in stocks, bonds, or other investment assets. As such, they consider their WACC to be 7%. They are confident about their job stability.

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