Activity 5

 

Craig & Mari Masuoka

Sharon Brown

Sang and Nancy Lee

Jon and Janet Evans

Ryan and Evin Sullivan

Esteban and Iko Salinas

These are 6 credit reports.  You are going to find out if they have enough assets to pay the down payment.  Here is the math to figure it out.

offer  >  down payment

Here is the example that you have to do for each person:

Name:  Craig and Mari Masuoka

Offer:  $272,000
Down:  20%
Assets:  $50,048

$50,048  >  $272,000  x  20%
$50,048  >  $272,000  x  .20
$50,048  >  54,400

No Deal

Click on the picture to read the credit report.  Copy this report and then do the next 5.  This is worth 10 points of your grade.