Council for Economic Education
Loan Amortization - Mortgage
When you buy a home for $100,000, you pay $100,000—right? On the list of important things for individuals to understand, the lesson plan presents the concept of interest rates and loan amortization using spreadsheets and online sources....
Curated OER
Loan Amortization - Mortgage
Upper graders explore the connection between interest and principal. They use an amortization schedule to determine the amount of principal paid vs interest on a $100,000 home loan. Fourteen discussion questions and a research-based...
Curated OER
Using an Amortization Table
Students search the Internet to find a site that contains an amortization table and make a hypothesis about the results of changing time and rate. They examine the affects of time and rate on a mortgage and discuss the difference in the...
Curated OER
Rising and Falling Fractions
Pupils explore outcomes from the conversion of fractions to decimals in stock market quotes and explore fluctuating interest rates using an amortization calculator.
Radford University
Surviving the Month
Pupils create budgets based upon family expenditures. They determine what the monthly payments will be for buying a car and a house based on compound interest for the total amount.
Curated OER
How Credit Card Interest Works
Students experiment with an Excel spreadsheet model that demonstrates the effects of interest on payments. They calculate actual costs, interest paid, and time necessary to pay off credit purchases and draw conclusions about the...
Curated OER
Mathematical Modeling
Study various types of mathematical models in this math lesson plan. Learners calculate the slope to determine the risk in a situation described. They respond to a number of questions and analyze their statistical data. Then, they...
EngageNY
Buying a Car
Future car owners use geometric sums to calculate payments for a car loan in the 31st installment of a 35-part module. These same concepts provide the basis for calculating annuity payments.
Curated OER
I want a credit card--or do I?
Students pretend to borrow $1000.00 on a credit card. They pretend to make the minimum payments for a year. When they're done, they make a pie chart showing how much of their payments reduced their debt, and how much was interest.
Curated OER
Houses and Cars and Loans
Young scholars create a spreadsheet to track their spending. In this algebra lesson, students use loan formulas to calculate the payback amount plus interest on a loan. They calculate how much money they would need to buy a car and house.
Curated OER
Cars: Math, Research, Economics, Loans
Students investigate what the purchasing of a car entails. They explore car criteria and financing options.
Curated OER
Bubble Gum Chemistry
Students explore the concept of graphing data. In this graphing data lesson, students determine the percentage of sugar in bubble gum. Students graph type of gum vs. sugar percentage. Students create a table of their data.
Curated OER
ABC's of Banking
Students explore the concept of managing money. In this managing money lesson, students discuss how to write checks and keep an accurate check registry. Students discuss the importance and uses of debit cards and deposit forms.