Curated OER
How Much Does That Car Cost?
Students calculate how much it costs to buy a used car and finance it through a bank. They select a car from the newspaper, conduct Internet research on current auto loan interest information for four different states, and create a...
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
Pay Check Advance Loans
Students explore the implications of obtaining loans. They assess interest rates, amount to be paid back, and the implications if they do not pay back the loan on time. Students develop a comparison chart.
Curated OER
PayCheck Advance Loans
Young scholars discuss the role of a paycheck advance loan company. Using data given to them, they calculate interest rates on the amount of advance they receive and identify the penalties of not repaying the loan on time. They record...
EngageNY
Credit Cards
Teach adolescents to use credit responsibly. The 32nd installment of a 35-part module covers how to calculate credit card payments using a geometric series. It teaches terminology and concepts necessary to understand credit card debt.
Curated OER
Deals on Wheels!
Young scholars calculate monthly car payments using different rates of interest. They calculate the maximum amount that can be financed/borrowed given a preset estimated/budgeted monthly payment and determine how limited resources cause...
Curated OER
The Business of Interest
Students explore the concept of simple and compound interest. In this interest lesson plan, students discuss how interest works on a loan. Students calculate simple and compound interest on loans of fictitious characters from a video.
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...
Curated OER
Thinking About Credit
Middle schoolers explore the concept of credit. In this credit lesson, students discuss what it means to buy items using credit. Middle schoolers discuss how interest accrues and how much is really being paid with a credit card. Students...
Mocha Bay Design
Monthly Expenses
Teach your class about finances and have them fill out real or simulated expenses on this sheet. Class members fill in amounts for rent, groceries, loans, car expenses, insurance, utilities, and more in order to determine the total cost...
Curated OER
Weigh Before You Pay: Debit or Credit?
Students explore the concept of debit and credit cards. In this debit and credit card lesson, students read an article about debit and credit cards. Students discuss differences between the two forms of payment. Students calculate the...
Curated OER
Numbers
In this interest activity, students calculate interest and percentages of numbers in number and word problems. Students complete 29 problems.
Curated OER
Extra Credit: It’s No Fairy Tale
Students discuss their knowledge of payday loans and credit cards. In this Economics lesson, students complete a read an article and Q&A activity in groups, and play a vocabulary bingo game and a quiz game on payday loans. Students...
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.
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...
EngageNY
Buying a House
There's no place like home. Future home owners investigate the cost of buying a house in the 33rd installment of a 35-part module. They come to realize that the calculations are simply a variation of previous formulas involving car loans...
Council for Economic Education
A Penny Saved
A penny saved is a penny earned! Scholars research the different ways to save money over a lifetime. They investigate the Rule of 72, compound interest, and sub-prime loans to gain an understanding of how banks aid in the saving process....
Curated OER
Missing Macroinvertebrates - Stream Side Science
Field study groups collect samples of stream water and identify the macroinvertebrates found. Using their data, they calculate a water quality index to rate the health of the stream. They graph their data and discuss the value of a water...
Curated OER
Real Life Challenge- Give Me Credit!
In this credit worksheet, students calculate the value of 4 different loans before completing a table about credit card offers advertised in newspapers, magazine, or junk mail.
Curated OER
Interest Rate Assignment
In this personal finance worksheet, students use their problem solving skills to calculate interest rates for loans of different lengths of time.
Curated OER
Using Credit and Spending Money Wisely
Students discuss how to spend money wisely. In this consumer math lesson, students read the book, Mr. Popper's Penguins and discuss how much it costs to take care of a pet. Students complete a worksheet to calculate the total cost of pet...
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
Life Skills for Vocational Success: Transportation, Owning a Car; Topic 2: Financing a Car
Discuss various places to obtain a loan. Your class will determine the principal, interest, and terms of a loan. They will also compute the monthly payments of loans, including the interest. They contact three lending institutions to...