1. Access an online mortgage calculator.
a. Using the "Monthly Payment Calculator," compute your monthly payments assuming a $100,000 loan at 6% for 30 years.
b. Use the same information in "a" except compute the payments for a 15-year loan.
c. Input your current monthly income or estimated monthly income after graduating, your other monthly debt payment including credit cards, and an interest rate of 6%. How large a mortgage do you qualify for assuming a 15-year loan? Assuming a 30-year loan?
2. Access a new car calculator, and enter the information identifying the make, model, and features of your dream car. Are there any available in your area? What are the price ranges?