Algebra Applications: Data Analysis, Segment 4: What is an Adjustable Rate Mortgage?
Another factor in the mortgage crisis was the use of adjustable rate mortgages. Students run a number of scenarios to test adjustable rate mortgages, while also taking into account the state of the housing market during the time of the mortgage crisis.
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A Promethean Flipchart is available for this video: https://www.media4math.com/library/promethean-flipchart-algebra-applications-what-adjustable-rate-mortgage
|Common Core Standards||CCSS.MATH.CONTENT.6.SP.B.5, CCSS.MATH.CONTENT.8.SP.A.1, CCSS.MATH.CONTENT.6.RP.A.2, CCSS.MATH.CONTENT.7.RP.A.1|
|Grade Range||6 - 9|
• Probability and Data Analysis
• Data Gathering
|Keywords||algebra, data analysis, math of money, financial math, mortgage crisis, adjustable rate mortgage|