499

6.1Percents, Decimals, and

Fractions

6.2Solving Percent Problems

Using Percent Equations

and Proportions

6.3Applications of Percent

6.4Estimation with Percent

6.5Interest

Chapter Summary and

Review

Chapter Test

Cumulative Review

6

Ariel Skelley/Getty Images

fromCampus to Careers

Loan Officer

Loan officers help people apply for loans.Commercial loan officerswork with
businesses,mortgage loan officerswork with people who want to
buy a house or other real estate, and consumer loan
officerswork with people who want to buy a boat, a car, or
need a loan for college. Loan officers analyze the
applicant’s financial history and often use banking
formulas to determine the possibility of granting a loan.

In Problem 43of Study Set 6.5,you will see how a credit
union loan officer calculates the interest to be charged on a
loan.

Percent

JOB TITLE:

Loan Officer

EDUCATION:

Most have a degree in finance,

economics, or a similar field. Mathematics

and computer classes are good preparation

for this job.

JOB OUTLOOK:

Employment of loan officers

is expected to grow about as fast as the

average for all jobs through 2016.

ANNUAL EARNINGS:

In 2009, the average

salary for a consumer loan officer was about

$39,000 and the average salary for a

commercial loan officer was about $64,000.

FOR MORE INFORMATION:

http://www.bls.gov/k12/money03.htm