fbpx

What Interest Rate Should I Recommend for my Client? Assignment | Interest Rate

Important Note: use the following link for Canada’s consumer price index (inflation rate) : https://www.bankofcanada.ca/rates/indicators/key-variables/key-inflation-indicators-and-the-target-range/

Don't use plagiarized sources. Get Your Assignment on
What Interest Rate Should I Recommend for my Client? Assignment | Interest Rate
Just from $13/Page
Order Now

use the following link for Bank of Canada interest Rate Tracker: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/

 

 

Assignment #1 – What Interest Rate Should I Recommend for my Client?

Overview

In Topic 2.1 we saw how short-term interest rates are determined through the Bank of Canada. Then, in Topic 2.4, we learned how inflation impacts interest rates. Finally, in Topic 2.7, we observed how the Bank of Canada’s monetary policy affects interest rates.

With that knowledge, you are now better equipped to look ahead to see what impact that the information you leaned in those three objectives will have upon an important decision that one of your clients, will need to make:

What type of interest rate and what level of interest rate do I help my client choose when the details of a mortgage have to be completed?

Length: Typically, about 3 pages, with graphs and charts included.

Style: Essay or point-form (you decide).

Gibbs' reflective cycle in nursing

 

Resources That You Will Need

First, for some historical information

  • Canada’s consumer price index (inflation rate): http://www.statcan.gc.ca/subjectssujets/cpi-ipc/cpi-ipc-eng.htm

Click on the link and save or print the chart.

  • Bank of Canada Bank Interest Rate Tracker: http://www.bankofcanada.ca/en/rates/interest-look.html

Click on the link and enter information from the same period as the inflation rate.

When you arrive at this website, look at Section 1: “Specific Date or Range”.

o Your Start Date should be entered as: 2010 – 01- 01 (January 1, 2010)

o Your End Date should be entered as: 2012 – 02 – 01 (February 1, 2012)

Look under the heading: “Monetary Policy and LVIS Statistics” and, on the line entitled “Bank Rate” click on the box that is numbered: V122530, under the “Monthly” column. Then scroll down along the left side margin and click on to the box entitled: “Submit”. Print off or save the pages.

Next, you will need to visit the following website for current information: http://www.tdcanadatrust.com/products-services/banking/mortgages/mortgage-rates.jsp

  • The information that will appear will be the current “posted” mortgage rates that are offered by the TD Canada Trust for Fixed Rate and Variable Rate mortgages.
  • Save or print off that page.

Questions

Reflecting on the learning material that you have read, about the nature of interest rates, inflation, plus information that you have no doubt seen in the media over the last nine months proceed to answer the following questions. Submit your answers in a Word document to the Assignments area of your course.

Question 1 (5 marks)

Tell us what is likely, in your opinion, going to happen with the direction of short-term interest rates in the immediate future (the next 3 months). Will they fall, stay where they are, or rise? Give us your reasons for the opinion that you developed.

 

Marking Criteria

You have the freedom to use information from sources that you research and obtain from the financial media, information from news and business journals, and also from web-based information from recognized sources (blogs do not count as “recognized sources”, no matter whose blog it is).

References to material that you used to answer any question must be included at the end of each answer so we can determine where you sourced your material.

To earn a mark, you will need to provide a piece of information that will help to support your opinion. For example, if your answer is structured like this:

“In my opinion, interest rates should, for the next 90 days, remain at current levels because of the following three reasons:

  1. a) your reasoning, with a supporting fact
  2. b) your reasoning, with a different supporting fact
  3. c) your reasoning, with another supporting fact”

then you could expect to earn three marks, if each reason has adequate supporting information. Linking your response to information provided in Topics 2.1, 2.4, and 2.7 can be of value to you.

You should base your opinion upon factual observations, not a “gut feel”. Having said that, economists are known for giving a response to a question, then ending their response with: “…on the other hand” and then providing another alternative response that is often based on their “gut feel” or some internal voice speaking to them from experience. You have permission to do that, but only after you have given your fact-based opinion.

Question 2 (10 marks)

Using information that helped you to form the opinion expressed in your response to Question 1, what would you suggest to a client who requires mortgage financing in the amount of $350,000? Should they stay “open” and let their mortgage “float” with changes in interest rates by using a variable rate mortgage, should they “lock-in” and fix the interest rate, term, and amount, or are there other alternatives that you might recommend?

Marking Criteria

To earn a mark, you will need to provide a piece of information that will support your recommendation. Linking your response to information provided in Topics 2.1, 2.4, and 2.7 can be of value to you in this question as well.

You will also be eligible to earn marks if you use the mortgage calculator at the bank’s website to create examples, and build arguments, for open, closed, fixed, or floating interest rates.

Calculate your paper price

Pages(550 words)

Approximate price:-

Why Choose Our Assignment Writing Services

Quality Assignment Papers

We aim at 100% customer satisfaction. As such, we never compromise on the quality of our assignment services. Our homework helpers craft each paper carefully to match the requirements on the instruction form.

Professional Homework Helpers

We receive many applications from writers around the world daily. Nevertheless, we only choose the cream of the crop to tackle your “help with homework” requests. Hence, our homework helpers are highly-qualified individuals who maintain our quality policy.

Affordable Homework Help

We maintain a fair pricing policy for all our homework help services. Our pricing system generates quotations based on the requirements of each paper.

On-Time Assignment Delivery

At My Homework Writers, we guarantee all students swift delivery of their assignments. We understand that time is an essential factor in the academic world. We, therefore, ensure that all assignments are delivered on or before the agreed deadline.

100% Original Assignment Papers

We maintain a zero-plagiarism policy in all our essay papers. Our assignment writers stick to the students’ instructions to deliver plagiarism-free papers. We are also keen to avoid any chance of similarities with previously written papers.

24/7 Customer Support

We understand that you might run into trouble once in a while when working with our system. In the event that you do run into trouble, please get in touch with our support agents and they will immediately provide you with assistance.

Feel free to contact us via the Chat window or email: support@myhomeworkwriters.com.

How myhomeworkwriters works?

Follow these simple steps to get your homework done

1). Place your order

Fill in the order form and provide all details of your assignment.

2). Proceed with the payment

Choose the payment system that suits you most.

3). Track Progress

You will be able to track the progress of your paper from our system.

4). Receive the final file

Once your paper is ready, we will email it to you.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00

Our Assignment Writing Services

Myhomeworkwriters website holds a reputation for providing high-quality assignment writing services. You only need to give us all the requirements for your “do my homework” order, and our homework paper writers will give you the best results.

Essay Writing Services

We have highly qualified essay writers to assist you whenever you place in "help with my homework" order. Our essay writing service is designed to help students get good grades.

Admission Essay Writing service

Our admission essay writing help will assist you to secure a position at your desired learning institution. We will help you craft a top-notch personal statement paper. Our writers who know how to write a college admission essay will help you get the college admission you are longing for.

Editing and Proofreading

Our team of professional editors will help you organize your paper, paraphrase it, and eliminate any possible mistakes. Also, we will help you check on plagiarism to ensure that your final paper possesses quality and originality.

Technical papers

My homeworkwriters harbors specialists who can handle your technical papers order. Our “write my homework” services cover all academic areas you can think of. The simplicity or complexity of the paper does not affect the quality of assignment writing services.