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Algebra Applications: Data Analysis, Segment 3: What Is a What is a Subprime Mortgage?

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.

This video includes a video transcript: https://www.media4math.com/library/video-transcript-algebra-applications-data-analysis-segment-3-what-subprime-mortgage

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, CCSS.Math.Content.HSS -ID.B.6
Duration 7.65 minutes
Grade Range 6 - 9
Curriculum Nodes Algebra
    • Probability and Data Analysis
        • Data Gathering
Copyright Year 2011
Keywords algebra, data analysis, math of money, financial math, mortgage crisis, amortization, amortization table, subprime mortgage