Learning Task 7.3 by Bianca Nunan https://padlet.com/biancanunan/vr4p39hi7hl0 en-us 2018-09-03 04:03:38 UTC 2018-09-09 11:32:48 UTC hello@padlet.com What is the scenario? biancanunan https://padlet.com/biancanunan/vr4p39hi7hl0/wish/277221608 2018-09-03 04:05:43 UTC https://padlet.com/biancanunan/vr4p39hi7hl0/wish/277221608 When might you engage with this product/ service, for what? biancanunan https://padlet.com/biancanunan/vr4p39hi7hl0/wish/277221664 People would engage with this service when looking to buy a house. It is a tool that makes it easy to compare home loans and interest rates. The calculator only requires the user to type in their own information ans then it calculates it for them, saving the user a lot of time. It is also a useful tool for those who are not so confident in mathematics as there are a lot of facts and figures to be working with when looking at home loans and interest rates. (Bianca)]]> 2018-09-03 04:06:12 UTC https://padlet.com/biancanunan/vr4p39hi7hl0/wish/277221664 What is the best option and justify your decision? biancanunan https://padlet.com/biancanunan/vr4p39hi7hl0/wish/277221691 2018-09-03 04:06:23 UTC https://padlet.com/biancanunan/vr4p39hi7hl0/wish/277221691 What mathematics do you need to make this numeracy decision? biancanunan https://padlet.com/biancanunan/vr4p39hi7hl0/wish/277221728 2018-09-03 04:06:36 UTC https://padlet.com/biancanunan/vr4p39hi7hl0/wish/277221728 What is the scenario? https://padlet.com/biancanunan/vr4p39hi7hl0/wish/279075801 The financial data presented in the media we decided to focus on was comparethemarket.com.au
One of our group members is looking at buying a house, thus needs to know specifics of loans, mortgages, budgeting, and borrowing. Comparethemarket is constantly advertising within the media; the meerkat on screen always states that the website provides useful and accurate information of different options for you to compare and find the best option for your needs.
(Samantha)]]> 2018-09-08 12:29:27 UTC https://padlet.com/biancanunan/vr4p39hi7hl0/wish/279075801 What mathematics do you need to make this numeracy decision? https://padlet.com/biancanunan/vr4p39hi7hl0/wish/279114794 I feel the most important aspect of mathematics will be understanding the basic financial terms, these include: net, salary, income, credit, interest, term, balance and repayment. You need to have researched and documented your personal financial situation in order to complete the calculator. Basic mathematical understanding is a factor in completing this task, knowing where to add correct data in the correct spaces is critical to an accurate outcome. (Laura)]]> 2018-09-08 22:48:47 UTC https://padlet.com/biancanunan/vr4p39hi7hl0/wish/279114794 What is the best option and justify your decision? samanthalubcke https://padlet.com/biancanunan/vr4p39hi7hl0/wish/279150397 The best option is really dependent on all of the other factors such as monthly spending, any debt, variable or fixed interest and the amount that you want to borrow. All of these factors need to be taken into consideration. Therefore there is no “best option” as each option will vary from person to person (Kalicia]]> 2018-09-09 11:31:30 UTC https://padlet.com/biancanunan/vr4p39hi7hl0/wish/279150397