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Title:

Monthly Mortgage Payment DOC

Url:

http://www.ciese.org/pathways/rwlo/rwlos/2542/Mortgage%20RWLO/monthly_...

Publisher:

Real World Learning Objects (RWLO)

Description: This lesson helps students to understand how home mortgages work. They will learn to substitute values into an algebraic formula using order of operations, interpret interest rates for home mortgages, navigate a real estate website to find a home in a desired city and calculate monthly mortgage payments for different terms. A student worksheet for this lesson can be downloaded here.

LC Classification:

Science -- Mathematics -- Algebra
Science -- Mathematics -- Algebra -- Problems, exercises, examinations
Science -- Mathematics -- Algebra -- Study and teaching. Research
Social sciences -- Finance -- Banking -- Interest rates
Social sciences -- Finance -- Investment, capital formation, speculation -- Securities -- Mortgages. Mortgage-backed securities

GEM Subject:

Mathematics -- Instructional issues
Social studies -- Economics
Mathematics -- Algebra

Key Concept:

Mathematics -- Algebra
Economics -- Interest

Resource Type:

Instructional Material
Instructional Material -- Problem Set
Instructional Material -- Lesson/Lesson Plan
Instructional Material -- Interactive Simulation
Instructional Material -- Instructor Guide/Manual

Format:

Document -- DOC

Audience:

Educator
Learner

Education Level:

High School
Higher Education
Higher Education -- Undergraduate (Lower Division)

Language:

English

Access Rights:

Free access

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Source:

Scout Staff

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