MATH-1030
Reflection
During the course of the semester we were introduced to many different forms of quantitative reasoning and where we could be expected to use them. As an adult it is my responsibility to be able to reason mathematically through situations I come up against whether they are in work gathering data on my student's development or in everyday life such as buying a car. Mathematics and quantitative reasoning are an important part to any person's present and future, after taking this course I recognize this.
I chose the assignment on buying a house because I wish I had this information when I was purchasing my own home. Instead I had to rely on my real estate and loan agents. I did not understand the terms they were using: mortgage rates, interest vs. actual, and fixed interest just to name a few. If I had the knowledge then that I do now I might have been able to negotiate a better buying deal on my home. Gaining such knowledge now allows me to realize that I should consider either adding an additional amount to my monthly payment in order to decrease the amount of interest that I would end up paying. I could also consider refinancing my mortgage so that I could pay a less amount monthly which, while it would increase the time of my loan I am still young enough to need the money saved now and still be of working age when the loan is complete.
During the course of the semester we were introduced to many different forms of quantitative reasoning and where we could be expected to use them. As an adult it is my responsibility to be able to reason mathematically through situations I come up against whether they are in work gathering data on my student's development or in everyday life such as buying a car. Mathematics and quantitative reasoning are an important part to any person's present and future, after taking this course I recognize this.
I chose the assignment on buying a house because I wish I had this information when I was purchasing my own home. Instead I had to rely on my real estate and loan agents. I did not understand the terms they were using: mortgage rates, interest vs. actual, and fixed interest just to name a few. If I had the knowledge then that I do now I might have been able to negotiate a better buying deal on my home. Gaining such knowledge now allows me to realize that I should consider either adding an additional amount to my monthly payment in order to decrease the amount of interest that I would end up paying. I could also consider refinancing my mortgage so that I could pay a less amount monthly which, while it would increase the time of my loan I am still young enough to need the money saved now and still be of working age when the loan is complete.