Assume that after graduation, you$$ll find a job that pays an annual salary of

$$25,000.$ You need a $$40,000$ loan with an annual interest rate of eight percent.

You will have $120$ months to pay back the loan. Use the calculator to answer the

following questions:

X What will your monthly payback be$?$

X How much of your income will that amount represent?

X Does the loan seem to be a good financial decision?