Assignment Shane McKallagat 3-14-19

All About The Benjamins, Critique #1

Notepad didn't work, Word didn't work, Word online didn't work, i had no idea what to do, this was the only way that i thought of turning this in

Guiding Questions: Create questions that will help you answer our essential question. What do you need to know in order to complete this project fully and completely. What college would you like to go to? What is the cost of tuition, room, and board? What is the interest rate on a student loan? I want to go to UCF. Tuition and fees are about $6000 and the room and board is $10000. Your Monthly Payments Base Calculations Loan Amount $16,000 Interest Rates 5.30/S Number of Years 10 Monthly Payments $172 Where do you want to live? How much will your mortgage cost? What is the interest rate on mortgage? I want to own a home in my community, the particular one I would want is listed at $295,000, with an estimated monthly mortgage of $1800. The average interest rate of a mortgage loan in Florida is 4.27%. Your Monthly Payments Base Calculations Loan Amount $295,000 Interest Rates Number of Years 30 Monthly Payments $1,566 What car do you want to buy? How much does it cost? What is the interest rate on a car loan? I want to buy a used 2008 Jeep Wrangler, the lowest cost I have found was on cars.com, which the cost list was about $18,500, with the interest being about 4%. https://www.cars.com/vehicledetail/detail/763040883/overview/?down=300&tradein=&rate=&tax=&cost=#calculator-top Your Monthly Payments Base Calculations Loan Amount $18,500 Interest Rates 5.6% Number of Years 10 Monthly Payments $202 How should we create and solve our geometric series for each loan? How much money will we make at our first job? I want to be an Electrical Engineer, the smallest amount paid yearly for this job is $60,000 while the highest is around $160,000 per year. Although most college graduates don't get a job around their major directly after college. The hourly pay for a Wendy's worker is $8 per hour they average 5 days a week, and also average 8 hours a day. Taking these averages into account the weekly pay is $320 for a Wendy's worker, while the yearly pay is about $11520.