Algebra Applications: Data Analysis, Segment 2: What Is a Mortgage?
The time value of money is at the basis of all loans. Students learn about the key factors that determine monthly mortgage payments and use the TI-Nspire to create an amortization table. This table is used throughout the rest of the program to explore different scenarios.
This video includes a video transcript: https://www.media4math.com/library/video-transcript-algebra-applications-data-analysis-segment-2-what-mortgage
A Promethean Flipchart is available for this video: https://www.media4math.com/library/promethean-flipchart-algebra-applications-what-mortgage
|Common Core Standards||CCSS.MATH.CONTENT.6.SP.B.5, CCSS.MATH.CONTENT.8.SP.A.1|
|Grade Range||6 - 9|
• Probability and Data Analysis
• Data Gathering
|Keywords||algebra, data analysis, math of money, financial math, mortgage crisis, amortization, amortization table|