Questionnaire Essay Example | Topics and Well Written Essays - 1750 words

Questionnaire - Essay Example The support from Medea’s boyfriend Jason will benefit Medea a lot as is evident from the table. The average monthly cash inflow has increased by a significant amount and now she has sufficient amount of ready cash. This allows Medea to finance her bicycle as the bicycle will cost her  £400 to 600 while the cash available with her now is far exceeding the expected cost of that bicycle. This alternative has a very positive impact on the financial position of Medea. Her yearly income increases by almost three times while the monthly cash flow improves a little less than 5 times. Through this support from her boyfriend, she is now able to finance her bicycle that was desperately needed by her in order to save her commuting costs. Comparing the above table for incomes with and without Jason (and Argo), we can see that the gross income increases by almost double of Medea’s individual income. Despite this significant increase in the income, all the expenses could increase only by smaller amounts except food expenses which show an increase of double the amount that was when Medea was alone. This relatively less increase in total expenses compared to the increase in the total gross income results in a considerable increase in the net income for the year. Similarly, the cash flows conditions also get better considerably and now Medea has monthly cash almost 5 times of what she had before support from her boyfriend Jason. Without Jason’s support it was not possible for her to finance her bicycle and save commuting cost but now she has 1640 Euros on average after paying for all her expenses which enables her to buy the desired bicycle even if costs her the highest expected price of 600 Euros. Now, when we assume that Polly chooses for option A and also that the interest rate remains constant throughout the period of mortgage; using the saving and borrowing calculator, we arrive at the following results: b) It is quite obvious that if the mortgage period and