Mt4441 Lp2 Assignment Financial Analysis

LP2 Assignment: Financial AnalysisMy current liabilities include unpaid bills, personal debts, and monthly rentals. I have outstanding utility bills of $ 3,000 and an outstanding amount of $15,000 on the credit card. I have a running mortgage of $ 150,000 for my apartment. The annual mortgage payments are $12,000. This year’s installment is still outstanding. The member’s club has deferred my membership for an outstanding subscriptions debt of $3,000. I owe Sue a personal loan of $2,000On receipt of the inheritance, I will pay off the $3,000 utility bills and the $15,000 outstanding on my credit card. Second, I will pay the current year’s annual mortgage of $12,000 and negotiate to liquidate the entire mortgage balance of $138,000. Finally, I will pay the outstanding subscriptions of $3,000 at the club. My friend Sue must have heard of my good fortune, I will therefore immediately repay her $2,000 owing since last Christmas. I will therefore spend $173,000 to settle my current liabilities. The balance on the inheritance is $827,000.Second, I will consider investing the balance in income generating assets. The investment decisions will be guided by the need for an annual income and capital maintenance. This means I will need