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Describe the change. This milestone will be submitted in Module Five. Note:If you do not wish to disclose personal financial information to your instructor, please note to change your information or provide an alternative name with the information realistically portrayed.

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Overview: This milestone requires you to revise your personal financial plan to reflect your long-term financial goals and learning to date in the course. Now that you have expanded your knowledge regarding long-term financing for a home or vehicle purchase—as well as any regulatory or recommended insurance requirements—consider the purchase of a new home, vehicle, or both. You may even contemplate the future purchase of a vacation home, or a recreational vehicle. How would these changes affect your financial plan? Complete the worksheets listed below (which accompany your textbook). Choose one or both; a home mortgage calculator spreadsheet and a lease versus purchase analysis are included. These worksheets can be found within the MyFinanceLab Multimedia Library section of your MyFinanceLab. Click this link to access these worksheets.  Worksheet 11:Worksheet for Calculating the Maximum Monthly Mortgage Loan for Which You Qualify  Worksheet 9:Worksheet for the Lease Versus Purchase Decision Submit the completed spreadsheets to your instructor. In a separate Microsoft Word file, indicate your intentions in completing the exercise. In 1–2 pages, explain each spreadsheet, specifically, and indicate how the purchase of these new assets will affect your prior plan submitted during Module Three. Describe the change. This milestone will be submitted in Module Five. Note:If you do not wish to disclose personal financial information to your instructor, please note to change your information or provide an alternative name with the information realistically portrayed. In doing so, the experience of preparing a financial plan for another individual will prepare you to accurately complete your own plan when you are ready. Also, do not disclose the information of an individual other than yourself; remember to keep private information private. Requirements of Submission: Short paper assignments must follow these formatting guidelines: double spacing, 12-point Times New Roman font, one-inch margins, and discipline-appropriate citations.Page length requirements: 1–2 pages.

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