Personal Project Proposal: Understanding Personal Loan Repayment
Personal Project Proposal: Understanding Personal Loan Repayment
Personal finance is an area of major concern for individuals, especially as it regards responsible borrowing. The following project will work to define personal finance issues, specifically regarding the repayment of personal loans. Personal finances can be managed by using formulas and charts to determine the repayment schedule for, and calculate the cost of various repayment plans for personal loans.
Application of Mathematical Concepts
A variety of mathematical concepts can be used to understand, calculate, and compare approaches to personal loans. An algebraic formula can be created to calculate the cost of interest for various repayment ...