Noah and Joan Arc live with their family in Dayton, OH. Noah’s Social Security number is 434-11-3311.Noah was born on February 22, 1982 and Joan was born on July 1, 1983. Both enjoy good health and eyesight. Noah owns and operates a pet store and Joan is a fire fighter for the city of Dayton. 1) The Arcs have two children, a son named Billie Bob (Social Security number 598-01-2345) born on March 21, 2010 and a daughter named Mary Sue (Social Security number 554-33-2411) born on December 3,2013.
2) Joan and Noah broght a folder of tax documents
3) Noah's pet store is located at 1415 S. Patterson Blvd., Dayton, OH 45409. The name of the store is "The Arc" and its taxpayer identification number is 95-9876556. Since you handle Noah's bookkeeping, you printed the income statement from your Quickbooks software, shown below.
4) Noah and Joan paid the following amounts during the year.
Political Contributions $250
Church donations (for which a written acknowledgment was received) $2,625
Real estate taxes on their home $1,375
Medical co-pay for doctor visits $700
Mortgage interest for purchase of home $11,130
Tax return preparation fees $350
Credit card interest $220
Automobile insurance premiums $600
Uniforms for Joan $125
5) Noah has a long-term capital loss carryover from last year of $2,375
6) Noah and Joan own rental property located at 16 Oakwood Ave, Unit A, Dayton, OH 45409. The revenue and expenses for the year are as follows:
Rental Income $13,800
Insurance $575
Interest expense $6,870
Property taxes $1,000
Miscellaneouse expenses $700
Depreciation (the house was
aquired in 1992) $3,000

answer; marketing resource management;

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans. 

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.