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....
EngageNY
Why Do Banks Pay YOU to Provide Their Services?
How does a bank make money? That is the question at the based of a activity that explores the methods banks use to calculate interest. Groups compare the linear simple interest pattern with the exponential compound interest pattern.
Curated OER
Compound Interest
In this compound interest worksheet, students solve 3 problems after reading about compound interest. They determine the cost of the Apollo missions, they calculate inflation and the cost it would be to send man to the moon today and...
Curated OER
M&M Interesting
Students examine the concepts of trade-offs and opportunity cost to decide between savings accounts with simple interest and those with compound interest. They calculate interest earned on account balances while working in groups and...
Curated OER
Calculate Percentages
Sixth and seventh graders study the concept of finding the percent of a number. They calculate the percent of any given number. Pupils describe ways to use calculating percents in their daily life, and change percents into decimals,...
Curated OER
Compound Interest
For this consumer math worksheet, students read an example of how to use the interest formula to compute interest that is compounded daily over six years. They complete a chart where they compute the interest earned over 10 years when...
Curated OER
Calculator Trick 3
Calculator tricks are a fun way to warm up the class while building interest in math. Kids enter a four-digit number into their calculator twice, then divide by 137. The answer will amaze the class and make you a math magician!
Curated OER
Identity Theft & Consumer Protection
This presentation discusses two very important consumer-related topics: identity theft and financial contracts. The first part of the slide show illuminates ways in which personal information can be stolen and used for fraudulent...
Curated OER
The Las Vegas Interest Problem
In this interest rate worksheet, learners solve for the annual interest rate charged given the amount borrowed and the daily interest charged. The solution to the problem is provided.
Texas Instruments
Drawing a Line Tangent to a Circle
Explore lines tangent to a circle. In this math lesson, students manipulate circles and lines on a TI calculator. They draw a circle and analyze perpendicular lines intersecting the circle in only one place. This activity works best if...
Curated OER
Logarithmic Functions
Learners explore the characteristics of logarithmic functions and their relationship to exponential functions. Using the subscriber website Explorelearning.com, pupils observe changes in the input variable and its effect on the graph of...
Curated OER
Who Wants to Spend $20,000?
Who wouldn't want $20,000 to spend? But, the question becomes, what do you spend it on? Learners discuss loans, interest, and making adult-like financial decisions. They role-play a scenario that depicts the choices of a girl who took...
Curated OER
The Interest Equations
For this algebra worksheet, students calculate the interest yearly, quarterly and daily. They follow specific formulas for each equation. There are 7 problems with an answer key.
Curated OER
Calculating the Cost of Living
Bring Consumer Mathematics and Economics to life with this lesson, where learners investigate personal finance and budgeting. They use the newspaper’s classified section to determine a future job and potential earnings and determine a...
Virginia Department of Education
Calculating Measures of Dispersion
Double the fun — calculate two measures of deviation. The lesson plan provides information to lead the class through the process of calculating the mean absolute deviation and the standard deviation of a data set. After learning how to...
Curated OER
Discount and Sales Price
One of the most practical ways to teach about percentages is to use the real-life example of "sale" or "discount" pricing. This presentation poses many of these type of problems for young mathematicians who are trying to master the...
Curated OER
Home sales records
Practice consumer mathematics through by investigating home mortgages. Budding economists find the interest rates for 30-year and 15-year loans and calculate the estimated monthly payments. They use their data to compare periods of time...
Baylor College
Calculating Exponential Growth
There can be a steep learning curve when teaching about exponential growth, but the lesson helps kids make sense out of the concept. When talking about exponential growth of viruses, learners may not be very interested, but when you are...
Curated OER
Introduction to Earning Interest: What are APR and APY?
Learners explore saving and investing money. In this middle school personal finance lesson, students define and use investment vocabulary, explore compound interest and its effect of savings, and compute simple and compound interest. ...
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
Measures of Central Tendency Using Scientific Calculators
Learners explore mean, median, and mode as they model mathematics in real-world problem situations. The lesson requires the use of the TI 30X IIS.
EngageNY
Percent Rate of Change
If mathematicians know the secret to compound interest, why aren't more of them rich? Young mathematicians explore compound interest with exponential functions in the twenty-seventh installment of a 35-part module. They calculate future...
Federal Reserve Bank
Financial Literacy Infographic Scavenger Hunt
A lesson in personal finance can be the most valuable part of a high school education. Connect the basics of banking with informational reading skills in a lesson that prompts teenagers to answer a series of questions based on an array...
Curated OER
Calculating Interest
Students explore the concept that when money is borrowed, people pay to use it because someone else is losing an opportunity to use it while they have it. What you pay to use the money is called interest. The rate of interest is a...