3:56 X Make up Financial Mat... Project Goals: Understand that the mathematics of finance is the science of letting your money work for you!! Use the compound interest formula to evaluate the balance of a retirement account. . Understand the home mortgage process and explain why the term of the loan is important Use present value and future value formula to calculate monthly payments on a home and college loan. Mathematical Finance Project Investigate how much you would actually pay for a house through a 15-year fixed-rate mortgage and a 30-year fixed-rate mortgage, with interest included. Investigate price of homes in the area you live in. Search for current mortgage interest rates using online resources. Calculate a 10% down payment for each house they are interested in researching.. Calculate the monthly mortgage payment associated with mortgage using a given formula, their scientific or graphing calculator, and online interest rates. Calculate the total amount of interest paid