Would you be better off with an hourly job or a salaried job? Which types of benefits do you really need? Your decisions may change as your lifestyle changes. YOUR ASSIGNMENT:
1. Write one paragraph about a person who decides that taking an hourly job with tips is a better choice than accepting a salaried job with benefits.
(15 points: 5 points for describing the characteristics of the person related to job choice, 5 points for describing why an hourly job is appropriate, and 5 points for describing why a salaried job is less appropriate.)
2. Write one paragraph about why a person, who up until now has worked an hourly job, might decide to look for a salaried job with benefits.
(15 points: 5 points for describing how the hourly job was previously more appropriate, 5 points for describing changes in the person's situation leading to the decision, and 5 points for describing why a salaried job is now a better fit.)

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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.