Student loans: Mathematics Section 2: Loan Calculation For this assignment, you will write draft of the Loan Calculation Section of your final paper. You should have a section title to begin this part of your paper.

you must introduce the Loan Calculation section with a paragraph that tells us what we can expect to find in this section of your paper. What are the goals of the section? Include any additional assumptions or researched information related to your student loan calculation.

- Here are some topics that should be considered.

How did you decide on the length of your loan? This should be based on research and choice. Explain why you chose your loan amount, interest rate, down payment percentage, etc. Provide citations for all researched items. Do NOT just make them up. [For student loans only] Is your student loan subsidized or not (and what does that mean)?

Write your mathematical "story" for the Loan Calculation. Your Loan Calculation story must include each of the following elements: o Explain and interpret the table and computations. You should refer to the table again in your explanation (i.e.: "in Table 2, we see that..." or something similar) Describe the inputs for your table (i.e.: what you put into your yellow boxes). State the loan formula that Excel is using to calculate the monthly payment and be sure that you have stated the value of each variable in the formula for your scenario. You do not need to perform the calculations as Excel is doing that for you, but you do need to explain what formula is being used and how your numbers go into the formula. - Discuss the results. Here are some topics that you should consider. Discuss how much your monthly loan payment would be and whether it is an affordable payment. Was the length of your loan an important factor in your decision? How much total interest will you pay over the life of the loan? Discuss how this might affect your decision making in the future. As an LPN at a plasma center who makes $52,650 annuallyhow will this be broken down and put into action? Please included an introduction and conclusion.

Subsidized Student Loan
Interest deferred during college
Subsidized Student Loan Information
Total Amount of Subsidized Loans, P0:	$10,500.00
Loan Rate, r (decimal):	0.055
Length of Loan Repayment after Graduation, N (years):	10
Subsidized Student Loan Calculator
Monthly Loan Payment	Total Interest Paid	Total Amount Paid (Loan plus Interest)
$113.95	$3,174.31	$13,674.31

Unsubsidized Student Loan
Interest accrued during college
Total $2,867
Unsubsidized Student Loan Information
Loan Rate, r (decimal):	0.0705
Length of Loan Repayment after Graduation, N(years):	10
Unsubsidized Student Loan Calculator
Monthly Loan Payment	Total Interest Paid	Total Amount Paid (Loan plus Interest)
$41.19	$2,076.34	$4,943.34