Math 1050  College Algebra 

Reflection:
From this assignment, I learned that credit card interest is outrageous. I always knew that I would never use a credit card, but this has just shown me exactly why. The thought that you could be paying just a few dollars per month towards the principle amount when making the minimum monthly payment is mindboggling.
This assignment has given me the tools to be able to make better financial decisions by teaching my how to calculate the interest in any kind of loan (ex. a car loan or mortgage). This will be helpful when deciding how much I can afford or help me be able to figure out how long it will take to pay off a certain debt.
Interest has always been known to me, but from this I have learned the significance of the mathematical portion and I now have a greater understanding of the concept mathematically. The idea that the more often something compounds, the more money you will owe in interest was a eyeopener, but one that I am happy to understand.
From this assignment, I learned that credit card interest is outrageous. I always knew that I would never use a credit card, but this has just shown me exactly why. The thought that you could be paying just a few dollars per month towards the principle amount when making the minimum monthly payment is mindboggling.
This assignment has given me the tools to be able to make better financial decisions by teaching my how to calculate the interest in any kind of loan (ex. a car loan or mortgage). This will be helpful when deciding how much I can afford or help me be able to figure out how long it will take to pay off a certain debt.
Interest has always been known to me, but from this I have learned the significance of the mathematical portion and I now have a greater understanding of the concept mathematically. The idea that the more often something compounds, the more money you will owe in interest was a eyeopener, but one that I am happy to understand.