ACTIVITY $4$: BUDGETING

$4\mathrm{.}1$ How will you source the money needed for further study?

$\backslash$table$[[$MONEY COMING FROM...,AMOUNT$],[$Bursary$,],[$Loan$($from bank$),],[$Parents$/$relatives$,],[$Other$,],[$TOTAL$,]]$

Note: It is recommended that you budget for all the items mentioned above.

$4\mathrm{.}2$ Draw a pie chart to represent the amount in the above table.

ACTIVITY $5$

$5\mathrm{.}1$ Examine the proposed tuition fees for your course $($next year$).$ If the average increase remains the same for the next three years, how much will you have to pay for tuition fees in your:

$1^{st}$ year of study:

the tuition fee as in table $3\mathrm{.}1)$

$2^{nd}$ year of study:

$3^{rd}$ year of study:

$4^{th}$ year of study:

$($Note: completing this part depends on the official number of years required to complete your course$)$

$5\mathrm{.}2$ Draw a line graph to represents the information in $5\mathrm{.}1$

ACTIVITY $6$

Suppose you get a loan from a bank, for the $3$ or an number of years of your study to cover your tuition fees.

If the bank charges an interest rate of $12\%$ p$.$a$,$ compounded monthly, how much will you owe the bank after you have completed your studies $($assume that you pass all the years$).$

ACTIVITY $7$: REFLECT ON THIS PROJECT

$7\mathrm{.}1$ Was it easy to get information from the Universities$/$Colleges$/$other institutions? Explain.

$7\mathrm{.}2$ Are post$-$grade $12$ studies accessible to all? Explain.

$7\mathrm{.}3$ What can be done to assist learners that are very capable of further studies, but do not have money to do so$?$

$7\mathrm{.}4$ What will you do to ensure that you are accepted for further study and that you have the money to do so$?$