Display Title
Closed Captioned Video: Algebra Applications: Data Analysis, 2
Display Title
Closed Captioned Video: Algebra Applications: Data Analysis, 2
Topic
Data Analysis
Description
The video defines a mortgage as a long-term loan used to purchase a home and explains its components: loan amount, interest rate, and payment periods. Through examples, it demonstrates how interest rates impact total loan costs. Key concepts include amortization, equity, and principal versus interest payments. Applications involve using financial calculators to analyze repayment schedules and equity growth, emphasizing the importance of interest rates.
In this video, we explore the key concepts related to the topic of Data Analysis. This video is an excellent resource to deepen understanding and provide practical applications.
Teacher’s Script: Today we’ll be watching a video about Data Analysis. In this video, we will be looking at a mortgage as a long-term loan used to purchase a home and explains its components: loan amount, interest rate, and payment periods. Through examples, it demonstrates how interest rates impact total loan costs. Key concepts include amortization, equity, and principal versus interest payments. Applications involve using financial calculators to analyze repayment schedules and equity growth, emphasizing the importance of interest rates. As you watch the video, look for applications of Data Analysis.
For a complete collection of videos related to Data Analysis click on this link: Algebra Applications: Data Analysis Collection.
Common Core Standards | CCSS.MATH.CONTENT.6.SP.B.5, CCSS.MATH.CONTENT.8.SP.A.1 |
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Duration | 11.55 minutes |
Grade Range | 6 - 9 |
Curriculum Nodes |
Algebra • Probability and Data Analysis • Data Analysis • Data Gathering |
Copyright Year | 2020 |
Keywords | algebra, data analysis, math of money, financial math, mortgage crisis, amortization, amortization table, Closed Captioned Video, time value of money, loan, loans, mortgage |