Kate Farr

Math 1030 Signature Assignment

For my signature assignment, I chose t​he Finance Project, this is because I felt that this one
was the most applicable to me as well as others.​ The project itself entails the information that is
calculated when purchasing a new home and the loan that is given out. It is clear that this will be
important in my future since I am indeed planning on purchasing a house someday however,
usually, no one is able to pay the total price immediately. At first, the assignment was very
confusing for me personally and I couldn’t grasp the concepts or equations that were needed for
the calculations. This led me to feel confused when it came to the formula with all the variables
and occasionally caused me to input the wrong numbers into them, which in turn would give me
the wrong answer and lead to even more confusion. However, I refused to let this stop me from
achieving my goal and feeling confident when it came to these concepts.

After deciding to put my full efforts into studying and completing this project I found that after a
bit more work things began to finally click and make sense to me. Once I had put in the work I
found that I was rewarded with the ability to confidently navigate through the assignment
knowing that my answers finally made sense.

As for the things I learned involving finance, I found that it’s important to pay attention to the
interest rate of your loans and that a slight change in interest can cause extra money to be lost
in the end. Eventually, I found that it’s best to have an initially large down payment so that the
loan is smaller, you can then take that loan and combine it with a 3-5 year loan that includes a
fixed, low-interest rate. I am now grateful to have this information at my disposal as I know for a
fact that I will use these concepts later in life, and who knows, they could even help me get
ahead in life and give me financial stability.