Thanks to All Students Who Applied for InMATYC Scholarship!
The Indiana Mathematical Association of Two-Year Colleges (InMATYC) Scholarship will be awarded to an Ivy Tech Community College or Vincennes University student (or at most to two students) who meets the following requirements:
Applications Deadline has Passed - Stay tuned for 2020 opportunity!
Problem of the Month
A student has a car loan with an outstanding balance of $7,345.83. They are currently scheduled to make payments of $279.62 every month. If they make payments of $300 each month how much money will they save themselves over the course of repaying the loan. The APR on the loan is 3.75%. You can assume the interest is compound monthly.
Graph of the Month
Healthcare remains a large issue for many Indianans and Americans. This graph gives some international context to the rising healthcare costs in this country. Notice that the units and note regarding the meaning of the units implies some interesting mathematics to make comparisons across different countries with different currencies.