financial literacy project
by: KOLE PAINTER
College attending: the university of texas
Tuition per semester: $4,429 per year
Total tuition to obtain degree:71,608
School loan terms:30
Additional interest for 2 year deferment: 78347.458528
School loan payment after deferment: 401
address: 431 mae dr. Justin, tx 76247
loan terms:the house is going to be 175,000 dollars
mothly payment:$761.61
total interest over the life of the payment:36.17%
Vehicle:2002 bmw m3 convertible
terms of loans:$11,044
monthly payment:$185
total interest over the life of the loan:$1,049
Reflection:
What was your biggest learning experience throughout this project? I get to learn what I got to do In the future and I don’t have to stress out when I get to too pick. I get to find out all of the things I’m going to do in the future.
Reflection:
What adjustments did you have to make throughout the project to stay within budget and why? I had to change my car and make sure it was enough to get all of the essentials. I had to do that because I was going to go over my budget and not be able to get all of things I needed.
Reflection:
How does this compare your initial ideas of beginning adulthood? it really change my ideas I wanted to be a football player but I think I want to be a airline pilot.