Jenny Was a Friend Of Mine
Finance Project Scenario #3
About Jenny:
She went to college for two years, and then dropped out. By the time she dropped out of college, she had $20,000 in student loans. She has been working as a bank teller for the last three years. Her salary is $40,000 per year. She also has a car payment of $230 per month. She is excited to buy her first home.
Starting with the $40,000
30 Year Fixed Rate
Student Loans
Car Payment
The Minimum Monthly Payment is $1,039.84
This Overland Park House costs $140,000
References:
Home mortgage loans for bank of america. (2014). Retrieved from https://www.bankofamerica.com/home-loans/mortgage/overview.go
Ackie, T. (Producer). (2009, August 06). At the bank [Web Photo]. Retrieved from http://tx.english-ch.com/teacher/ackie/level-a/at-the-bank/
Radke, A. (Producer). (2012, July 02). Bank of america logo [Web Graphic]. Retrieved from http://beefmagazine.com/blog/let-s-give-bank-america-facts-about-hsus
Hall, V. (Photographer). (2011). TI calculator applications [Web Photo]. Retrieved from http://filebox.vt.edu/users/vhall04/MathTech/Calculator.html
Moibibiki. (Producer). (2014). Nissan altima [Web Photo]. Retrieved from http://www.moibibiki.com/Nissan Altima.html