a. Describe what you had to do in the assignment.
This assignment was called the Loan Amortization Activity. In this assignment we had to take real life scenarios that were given to us, we had to figure out the monthly payments of each loan in each scenario. Using the loan amortization calculator helped us figure out how much each monthly payment would be, the amount of interest, and the total loan value.
b. Describe the technology skills you had to use to complete this assignment.
In this assignment, the technology skills I used were using a loan amortization calculator which I never had used before. Now I know how to calculate how much a loans monthly payment will be if I need to.
c. Describe what you learned and accomplished by creating this piece of work.
In finishing this assignment, I learned how to calculate loans, how to figure out how much the interest payments will be, also how to figure out the total loan value. I learned how to use a loan amortization calculator, which i wouldn't have been able to complete this assignment without using one.
d. Explain what you did well in this assignment?
I believe I did well on my loan calculations. I did all the calculations correctly, I believe I also did well on getting the grasp of using the loan amortization calculator. I chose scenario's that would fit best for finances.
e. Explain what you would do differently to improve your work in this assignment?
If i were to redo this assignment, I wouldn't do much differently, I used the loan amortization calculator correctly and got the correct answers on both scenarios. I would look into the best choice for each scenario a little more, but overall I feel I did a good job.
This assignment was called the Loan Amortization Activity. In this assignment we had to take real life scenarios that were given to us, we had to figure out the monthly payments of each loan in each scenario. Using the loan amortization calculator helped us figure out how much each monthly payment would be, the amount of interest, and the total loan value.
b. Describe the technology skills you had to use to complete this assignment.
In this assignment, the technology skills I used were using a loan amortization calculator which I never had used before. Now I know how to calculate how much a loans monthly payment will be if I need to.
c. Describe what you learned and accomplished by creating this piece of work.
In finishing this assignment, I learned how to calculate loans, how to figure out how much the interest payments will be, also how to figure out the total loan value. I learned how to use a loan amortization calculator, which i wouldn't have been able to complete this assignment without using one.
d. Explain what you did well in this assignment?
I believe I did well on my loan calculations. I did all the calculations correctly, I believe I also did well on getting the grasp of using the loan amortization calculator. I chose scenario's that would fit best for finances.
e. Explain what you would do differently to improve your work in this assignment?
If i were to redo this assignment, I wouldn't do much differently, I used the loan amortization calculator correctly and got the correct answers on both scenarios. I would look into the best choice for each scenario a little more, but overall I feel I did a good job.