Instructional Video

Khan Academy: Finite Geometric Series Word Problem: Mortgage

Curated by ACT

Sal Khan shows you how to figure out the formula for fixed mortgage payments using the sum of a geometric series. [17:36]

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Concepts
interest, geometric series
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Additional Tags
present value, khan academy, khan academy: finite geometric series word problem: mortgage, compound, mortgage
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Classroom Considerations
  • Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)
  • The intended use for this resource is Instructional