Finance Project- Buying A House
This project, and overall section of Math 1030 was extremely helpful in understanding common finance math. In this section, we learned different loan, interest, and annuity formulas. These formulas are helpful because they helped me understand how to figure out what my payments would be if I was to get a home loan, how to find out how much interest I would pay on a home loan, when the loan would be paid off, and also taught us how annuities, such as IRA’s work.
I included this particular project for my portfolio assignment because I thought that it was the most helpful course section so far. I’m really happy that Math 1030 included the finance section, because most people will have to acquire a loan at some point, and its helpful to understand the math and calculations regarding the loan. I think it was also incredibly helpful to teach us about annuity, so we can understand how to prepare for our retirement, and how much money we should begin saving to have enough money to retire.