Curated OER
Calculating Simple Interest
In this math activity, students investigate the concept of paying interest on a loan. Students read 10 problems where they look at a picture of something they are going to buy at a certain price and interest rate. Students calculate the...
Houghton Mifflin Harcourt
Simple and Compound Interest
Your learners will get lots of practice calculating simple and compound interest by the end of this lesson. Simple explanations and examples lead learners through the concepts and steps of calculating simple and compound interest...
Council for Economic Education
Calculating Simple Interest
How much is owed? A calculated resource introduces the simple interest formula with a video that describes how to use it. Classmates then show what they know by answering questions within a simple interest worksheet.
CK-12 Foundation
Compound Interest per Period: Credit Card Payment
Credit cards can be convenient, but are they worth it? Future consumers learn about compound interest and credit card payments. They use an interactive to create a table that shows the remaining balance after each month.
5280 Math
Interesting Times
Gain a little interest in functions with a real-life task. Young scholars analyze home loan data with a geometric sequence and series. They use the models to make predictions about the total loan payments at certain intervals in a useful...
Curated OER
Identity Theft & Consumer Protection
This presentation discusses two very important consumer-related topics: identity theft and financial contracts. The first part of the slide show illuminates ways in which personal information can be stolen and used for fraudulent...
Curated OER
M & M Interesting
Students compute and collect interest payments in the form of M&M candies. In this mathematics instructional activity, students work in small groups to compute either simple or compound interest. They compare the growth of their...
Curated OER
Chapter 29: Rent, Interest, and Profits
As viewers will quickly learn, rent is a vital part of our economy - both paying and receiving. Each perspective of a rent agreement are featured here. Included are details about the rate of interest and profits, as well as changes in...
Curated OER
How Credit Card Interest Works
Students experiment with an Excel spreadsheet model that demonstrates the effects of interest on payments. They calculate actual costs, interest paid, and time necessary to pay off credit purchases and draw conclusions about the...
Curated OER
Interest Rates
Use a KWL chart and discussion to explore the concept behind loans with interest based on percentage rates. Learners examine different types of interest, the history of interest loans and calculate the costs of a loan over a ten-year...
Curated OER
Loan Amortization - Mortgage
Upper graders explore the connection between interest and principal. They use an amortization schedule to determine the amount of principal paid vs interest on a $100,000 home loan. Fourteen discussion questions and a research-based...
Curated OER
Chapter 28: Exchange Rates, The Balance of Payments, and Trade Deficits
Bring your class on a trip around the world in this economics presentation, which details international trade and exchange rates. Especially helpful are the clear bullet points, interesting discussion topics, and list of key terms for...
Curated OER
Home sales records
Practice consumer mathematics through by investigating home mortgages. Budding economists find the interest rates for 30-year and 15-year loans and calculate the estimated monthly payments. They use their data to compare periods of time...
Curated OER
Calculating A Car Payment
Students choose a car from an Internet used car dealer and then calculate their monthly payment. All the necessary resources and formulas are provided. This is a simple, but practical and effective, lesson for a math or life skills class.
Curated OER
Introduction to Earning Interest: What are APR and APY?
Students explore saving and investing money. In this middle school personal finance lesson, students define and use investment vocabulary, explore compound interest and its effect of savings, and compute simple and compound interest. ...
Council for Economic Education
Loan Amortization - Mortgage
When you buy a home for $100,000, you pay $100,000—right? On the list of important things for individuals to understand, the lesson presents the concept of interest rates and loan amortization using spreadsheets and online sources....
EngageNY
Buying a Car
Future car owners use geometric sums to calculate payments for a car loan in the 31st installment of a 35-part module. These same concepts provide the basis for calculating annuity payments.
Curated OER
Real Estate Lesson: Monthly Payments
Young scholars examine real-world data relating to real estate. They conduct Internet research, record data regarding real estate in major cities, graph the data, calculate mortgage payments using a mortgage calculator, and analyze the...
Curated OER
Interest Rate Assignment
For this personal finance worksheet, students use their problem solving skills to calculate interest rates for loans of different lengths of time.
Curated OER
Interest Rates Worksheet
In this economics worksheet, students use their problem solving skills to calculate monthly payments, costs of loans, and interest charged.
Curated OER
Buying a Car
Eighth graders create spreadsheets to calculate payments. They create a list of items they would like to purchase that require monthly payments. They simulate buying a car and create a spreadsheet to determine the amount of the monthly...
Radford University
Surviving the Month
Pupils create budgets based upon family expenditures. They determine what the monthly payments will be for buying a car and a house based on compound interest for the total amount.
Curated OER
Compound Interest
Students solve compound interest problems. In this solving compound interest problems lesson, students use TVM Solver on the Ti-83 Plus. Students find the future value of a principal amount at a given interest rate compounded a certain...
Curated OER
Finance Formulas Review Sheet
Keep your finances straight—more like finance formulas straight—with a well-organized formula guide full of everything you need. Starting with simple interest and ending with future and present value, this sheet can be useful for many...