Financial Decision Making
PART 1
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| 5 Day Disney world Vacation for family Cost: $14,500 |
New House Cost $450,000 |
Lexus LC 500 Cost $105,000 |
Assume you are going to make a purchase decision on whether or not to buy one of the three potential big-ticket items listed above. Choose one to evaluate and answer the following questions:
- What decision did you make and why?
- How comfortable would you feel making this decision and why?
- What financial information would you need to make the decision and why?
- What non financial factors would also play a role in your decision to either purchase or not purchase this item?
Decision made off of an annual income of $105,000.
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