MATH 1050-College Algebra
I took this class as an "easy way" to get around a requirement further along in my education that would be more difficult and more expensive. I quickly realized that my Math skills were about to be tested and stretched! There were two projects to choose from to post to this page, and I chose the one that gave me the most insight into how applicable math skills and knowledge are to real life situations. The project was about buying a house and figuring out the profit after a specific amount of time. Below is the assignment as I turned it in. The last page of the actual assignment included a reflection about the project. Due to the constrained nature of the writing, and the fact that it squishes and turns toward the end, I will type the reflection I wrote after the document. Also note, there were mistakes made in this assignment. My professor stated in a comment to me that "The following are not correct: There are rounding errors throughout the paper. Part II) The value of home 10 years after purchase. The selling price is $190,000. It affected the subsequent answers." However, I still think that this assignment is the better indicator of the things I have learned and how applicable these things are to my reality.
"Reflection: This project did open my eyes a bit about the perceived value of a home. We takeit for granted that our home will be worth more in the future.My husband and I bought a "fixer" home in Sandy in 2005. We originally wanted to fix and flip it, but the market bottomed out before we finished the renovations. Unfortunately, this meant we had to stay in that house much longer than we had hoped. We finally decided to move to a better neighborhood in 2009. The market still wasn't to a place where we would make any money selling the house.Luckily we were able to find renters to pay the mortgage on that house so we could qualify to buy the house we are in now. We are just now reaching the point that we could make money from the sale of our houses. Makes me think renting is the way to go!"