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Promethean Flipchart: Algebra Applications: What Is a Mortgage?

Students explore the dramatic events of 2008 related to the mortgage crisis. Brought about principally through mortgage defaults, the effect on the overall economy was severe. Yet, this situation offers an ideal case study for the exploration of key concepts in data analysis and probability. By exploring these questions students get a front row seat to the historical events of the world’s largest economy. 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. Note: The download for this resources is the Promethean Flipchart.

To view the full video:[Algebra Applications: Data Analysis, Segment 2: What Is a Mortgage?]: https://www.media4math.com/library/algebra-applications-data-analysis-segment-2-what-mortgage

This video includes a video transcript [Video Transcript: Algebra Applications: Data Analysis, Segment 2: What Is a Mortgage?]: https://www.media4math.com/library/video-transcript-algebra-applications-data-analysis-segment-2-what-mortgage

Common Core Standards CCSS.MATH.CONTENT.6.SP.B.5, CCSS.MATH.CONTENT.8.SP.A.1
Grade Range 6 - 12
Curriculum Nodes Algebra
    • Probability and Data Analysis
        • Data Analysis
Copyright Year 2011
Keywords Promethean Flipchart, Flipchart, algebra, applications, Mortgages, loans, finance