1. MATH201 – College Mathematics Portfolio Project on Student Loan
By Karry Iverson

2. Introdcution
My Math Portfolio Project is to help me plan for the future on how I will repay my student loan once I am graduated from Bryant & Stratton College.

3. Hypothesis
Do you think you will able to fit the loan payment in your budget?

4. Expected Salary After Graduation
Date: 1/27/18
Job title: Medical Administration Assistant
State: South Dakota
Estimated Starting Salary 1:$ 25,000
Source 1: Avera.(2018)careers. Retrieved by
Estimated Starting Salary 2: $30,000
Source 2: indeed (2018) Find jobs. Retrieved from
Estimated Starting Annual Salary:$27,500
Estimated Starting Monthly Salary:$2,291.67
Estimated net Monthly Salary:$1,718.75

5. Estimated budget with Salary
Net Monthly Income: $
Expenses:
Car Payment $493.00
Cell Phone
Food
Insurance
Utilities
Total Expense $
Disposable income $563.75

6. Estimated total amount of your student loan
Bryant and Stratton School Loan: $18, Interest 6.80% Student loan Payment $ Mitchell Tech: $8, Interest 6.80% Student loan Payment $92.06

7. Monthly Payment
My hypnotical salary comparing to my loan payment of $ was little higher than I expected but manageable to fit in my hypothetical monthly salary expected.
12.1% is the percentage is estimated on how is it getting taken off my monthly income to pay for my student loans.
I think with a little adjusting and paying off some extra bills in my budget will help me manage this amount.

8. Monthly Payment in Standard ten- repayment
Bryant and Stratton:$18,107.00
Scheduled payment:$
Total Interest:$ 6,898.11
Future Value: $25,005.11
Mitchell Tech Institute:$8,000.00
Scheduled payment$:92.06
Total Interest:$3,047.71
Future Value:$11,047.71
Total payment for both:$

9. Total Cost/total interest
Bryant and Stratton College
Loans Payments of $18,107.00
YEARS
3 years
5 years
7 years
9 years
MONTHLY PAYMENT
$542.68
$356.83
$271.52
$224.62
INTEREST $ $ $
$6,152.09
FUTURE VALUE $
$20,067.74 $
$24,259.09

10. Conclusion
My optional monthly payment for Bryant ad Stratton College loan would be $ This payment is most beneficial and realistic for me because I make $ a month, and my other school loan payments cost $ This all relates into my hypothesis because I can pay for my student loans without hindering any other of my expenses. So, as the previous slides conclude, my loans can be paid off in a timely manner along with all of my other payments.