Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Interest Project

No description
by

Kyla Thomasson

on 28 October 2016

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Interest Project

INTEREST Project
College: GTCC
Tuition Cost: $4,632 for 2 years
Simple Interest: $2,501.28
( $4,632 x .054 x 10)
Compounded Monthly: $7,938.92
( $4,632 ( 1 + .054/12 ) ^ 12 x 10 )
Compounded Continuously: $7,948.54
( $4,632 e ^ .054 x 10 )

Monthly Loan Payments:
Simple: $59.44
( $2,501 + $4,632 = $7,133.28/120 )
Compound Monthly: $66.15
( $7,938.92/120 )
Compound Continuously: $66.24
( $7,948.54/120 )
Home
Monthly: $517

Rate: 2.7% for 5/1 AMP

Simple: $290,997
( $256,385 x .027 x 5 = $34,612 + $256,385 )

Compound Monthly: $293,398
( $256,385 ( 1 + .027/12 ) ^ 12 x 5 )

Compounded Continuously: $293,442
( $256,385 e ^ .027 x 5 )

Reflection
Guess I gotta get a sugar daddy to pay my way through college, buy me a car, and a home. No, but in all seriousness things are really expensive and I've decided to drop out and be a hobo. Your efforts to teach me math are futile Mrs. Larue, but this project has taught me a lot even though I probably did some of it wrong.
Car: 2014 Mercedes Benz C-Class C250 Sport
Rate: 3.3%
Length of loan: 60 months

Monthly: $379

Simple: $62,282
( $20,900 x .033 x 60 = $ 41,382 + $20,900 )

Compounded Monthly: $150,963
( $20,900 ( 1 + .033/12 ) ^ 12 x 60 )

Compounded Continuously: $151,373
( $20,900 e ^ .033 x 60 )
Sources
www.zillow.com/homedetails/7394-E-28th-Ave-7384-Denver-CO-80238/63358034_zpid/

supportservices.gtcc.edu/tuition-rates-fees/

www.valuepenguin.com/best-cheap-homeowners-insurance-north-carolina

www.cargurus.com/cars/I-Used-2014-Mercedes-Benz-C-Class-C250-Sport-t53596#listing=155039717

Kyla Thomasson
Adv. Funtions & Modeling
Oct. 26
Full transcript