question for essentials of financial lit

To show that you can apply the course objectives to the “real world,” find digital and/or print items that relate to business, personal finance, or math concepts you have studied. You will use the information in the items to create problems that can be solved using the skills you have studied in BUS 110.

Your textbook includes numerous clippings from The Wall Street Journal and Kiplinger’s Personal Finance magazine that illustrate how the concepts in the chapter relate to personal finances and real businesses. However, you do not have to limit your search to business magazines and journals. Many general interest newspapers and magazines include items that refer to the concepts you studied in the course. Personal finance blogs can also provide excellent source material. You may use interesting and relevant podcasts, commercials and other videos as sources. Don’t overlook ads and sale papers. You are being evaluated on your ability to identify and apply the concepts in an authentic setting so textbooks (including the clippings from your textbook) and online course materials are not acceptable sources.

1. Using the information in the sources you found, write ONE problem for EACH MODULE. Since we have four Modules, that means you will be writing FOUR problems total. Each of your four problems should cover more than one objective from the module. Therefore, each problem should at least have a part “a” and a part “b”. You may consider looking at the Challenge Problems found in your textbook for inspiration. But here’s an example of a problem that exhibits multiple concepts:Kim wants to purchase a $250,000 3-bedroom, 2 bath home. She knows that she will qualify for a loan rate of 4.25% on a 30 year fixed rate mortgage. She also plans to make a down payment of $20,000.A). What will Kim’s monthly payment be?B). Calculate how much in total interest will end up paying by the time she pays off her mortgage at the end of 30 years.
2. After stating the problems, you must then show how to solve them using the concepts/methods studied in the appropriate learning modules in BUS 110. State the concepts/methods you use to solve each problem. You should show all steps for solving and include brief explanations for your steps. Your explanations should use vocabulary that is mathematically correct and appropriate for the context of the item. A good method for writing your solutions is to think as if you’re creating a written tutorial with step-by-step instructions. Also, consider that you’re writing these solutions to teach someone how to solve your problems that may have only read the chapter, but never worked these types of problems before. Additional requirements for writing the problems along with example problems and solutions are provided in this file. The examples are provided for guidance only and should not be copied. You should also watch the video I’ve posted in the Media Gallery for additional details on this assignment.
3. Submit your assignment below after selecting the Submit Assignment link on the right. Assignments sent to the instructor’s UAB.edu email or Canvas messages will not be accepted.

• Do not write problems that simply require you to locate the answer in the item. The problems should require computation or mathematical reasoning.
• At most, one problem can be solved using just the basic operations studied in chapters 1 and 2 (addition, subtraction, multiplication, division).
• The other problems should be solved using the skills studied in chapters 3 and later (equations, ratios, percentage formula, personal financial statements, discounts, markups, taxes, simple and compound interest, consumer loans, mortgages, etc.) .
• Give the location (e.g., page and paragraph number) of the information used in each problem.
• Solve the problems you created showing all steps for solving. Include brief explanations for your steps. Your explanations should use vocabulary that is mathematically correct and appropriate for the context of the item.
• You should view the additional guidelines for writing your problems and “example” problems provided here. The examples are provided for guidance only and should not be copied.

In the Media Rubric (1)