college math (math 201)

7. Determine the total cost (請ure value) and the amount of i皿tereSt yOu Will pay on

your student loans.

Detemine the future value of the loan(s) and the total interest paid with the lO-year tem・

This can be accomplished using Excel.

8. Discuss ways you might reduce the amount of interest you pay・

Investigate what happens when you repay a loan in less than ten years. Select one ofyour

loans for址s experiment・ Using Excel repeat the loan payment calculations three more

times using three shorter tems’SuCh as five, SeVen, and nine years. What happens to the

monthly payment,餌ure value, and amount of interest paid? Present your findings in table

あm. 認

9. Conclusion

Identify what your optimal monthly payment would be. Explain why this payment would

be beneficial and realistic for you. Describe how your findings from this prQject relate to

your hypothesis from step L

REQUIREMENTS

●　Must fo11ow APA fomat, including title and reference pages or slides

●　A11 sources must be cited properly (reference page en正es and in-teXt Citations)・ Sources

(at least two) for the estimated amual salary MUST be cited

●　Must be free from typographical errors (use spe11-Checker) as well as word-uSe errOrS

・ Must be granmatica11y correct

・ Worth 15% offinal grade

. A first draft ofthe prQject is due by TBD

●　The final prqiect MUST be submitted via the ePortfolio in Blackboard by TBD

CHECKPOINTS

To ensure that you are on track the fo11owing due dates are assigned:

DueDate �Item

TBD �Estimatednetstartingsalaryupongraduation(Seeattachedfom)

TBD �Budgetincludings血dentloanpayment

TBD �Firstdraftof“prQject

TBD �FinalprQject

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