Mathematics for Business and Economics

Life after College Budget Project – STEP ONE: Research Note: The numbers below

reference numbers in Step two where this research will be used.

1) College Loan

• Where do you want to attend college? (Pick just one university for this project or if

your degree plan is entirely ACC state so.)

• What is the cost of attending this college per year? (That’s the semester cost

times 2.) Don’t forget to include room & board!!!

• Do you have money saved up for your college expenses. If so, how much? If not,

write “none”. You might also want to do some research on possible sources of

scholarship money.

• Research banks or government loan rates and choose a bank and rate for a loan

of at least $2000.

2) Car Loan

• Research a car that you would realistically like to purchase upon graduation. Give the

year, make, & model of automobile & its price. I recommend www.cars.com . Print off

this ad & attach it to your final project.

• If you have a trade in car, look at Kelly Blue book for the value of a car similar to yours

that is 6 years older than yours. www.kbb.com or www.edmunds.com

• Research banks for auto loan rates and choose a bank and rate for a loan for the car

(at least $1000).

3) Salary

• What is the career that you realistically expect to have? Go to

http://money.usnews.com/careers/best-jobs/rankings/the-100-best-jobs or

http://jobsearch.about.com/od/salaryinformatio1/a/salary-list.htm

http://www.careeronestop.org/SalariesBenefits/Sal_default.aspx

http://www.careerprofiles.info/salaries.html

http://www.careercast.com/jobs-rated/2012-ranking-200-jobs-best-worst and read

about this career. REALLY read the information about your career. Pay special

attention to the description of the job to make sure this sounds like something you

would enjoy. If not, find something else. When you find something that sounds

appealing, continue.

• What training & education is necessary for this career?

• What is the job outlook for this career over the next decade, compared to other

careers?

• What is the median ANNUAL salary for this career?

Life after College Budget Project – STEP ONE: Research Note: The numbers below

reference numbers in Step two where this research will be used.

5) Mortgage

• Research a house that you would realistically like to purchase within a few years after

graduation. List the MLS number, the number or bedrooms, number of bathrooms,

location, & price. I recommend www.remax.com. Print off this ad & attach it to your

final project.

• Research mortgage rates and find one to use for this project.

6) Other Expenses

Research the average cost for each of these monthly bills for yourself:

• Electricity & Natural Gas:

• Gasoline

• Water/Sewer/Trash:

• Cable/Satellite TV:

• Internet:

• Phone:

• Food:

• Auto Insurance:

• Renters Insurance:

• RENT

• Others?: