In this loan amortization worksheet, students compute the interest and principal payment for a $150,000 loan. A set payment amount is included, students keep a running total of the loan balance as they work.
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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...
9th - Higher Ed Social Studies & History