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...
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
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.