Video Transcript: Algebra Applications: Data Analysis, Segment 3: What is a Subprime Mortgage?
This is the transcript for the video of same title. Video contents: Having learned the general features of a mortgage, students learn the specifics of a subprime mortgage. With this comes the notion of a credit score, and with credit scores come the probabilities for a loan default. Students use the amortization table to run probability simulations to determine possible loan defaults on subprime mortgages.
A Promethean Flipchart is available for this video: https://www.media4math.com/library/promethean-flipchart-algebra-applications-what-subprime-mortgage
|Common Core Standards||CCSS.MATH.CONTENT.6.SP.B.5, CCSS.MATH.CONTENT.8.SP.A.1|
|Grade Range||6 - 12|
• Probability and Data Analysis
• Data Analysis
|Keywords||finance, amortization, mortgage, compound interest, loan, mortgage crisis, time value of money, algebra resources for teachers, algebra resources for teachers and students, video transcript|