In this episode of Algebra Applications, students explore the dramatic events of 2008 related to the mortgage crisis. Brought about principally through mortgage defaults, the effect on the overall economy was severe. Yet, this situation offers an ideal case study for the exploration of key concepts in data analysis and probability.

In this introductory segment students learn about the mortage crisis of 2008. In the process they get a brief introduction to what a mortgage is.

The time value of money is at the basis of all loans. Students learn about the key factors that determine monthly mortgage payments and use the TI-Nspire to create an amortization table. This table is used throughout the rest of the program to explore different scenarios.

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.

Another factor in the mortgage crisis was the use of adjustable rate mortgages. Students run a number of scenarios to test adjustable rate mortgages, while also taking into account the state of the housing market during the time of the mortgage crisis.

In this episode of Algebra Applications, students explore the dramatic events of 2008 related to the mortgage crisis. Brought about principally through mortgage defaults, the effect on the overall economy was severe. Yet, this situation offers an ideal case study for the exploration of key concepts in data analysis and probability.

In this introductory segment students learn about the mortage crisis of 2008. In the process they get a brief introduction to what a mortgage is. 

A Video Transcript is available for this tutorial at this Link

The time value of money is at the basis of all loans. Students learn about the key factors that determine monthly mortgage payments and use the TI-Nspire to create an amortization table. This table is used throughout the rest of the program to explore different scenarios. 

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. 

Another factor in the mortgage crisis was the use of adjustable rate mortgages. Students run a number of scenarios to test adjustable rate mortgages, while also taking into account the state of the housing market during the time of the mortgage crisis. 

Video Tutorial: Percents: Calculating Tax. In this video we look at using tax rates to calculate tax owed. The tax rates are written as percents and converted to decimals to calculate the tax. 

This is part of a collection of math examples that focus on money.

Note: The download is an image file.

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This is part of a collection of math examples that focus on money.

Note: The download is an image file.

Related Resources

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Create a Slide Show

Subscribers can use Slide Show Creator to create a slide show from the complete

This is part of a collection of math examples that focus on money.

Note: The download is an image file.

Related Resources

To see additional resources on this topic, click on the Related Resources tab.

Create a Slide Show

Subscribers can use Slide Show Creator to create a slide show from the complete

This is part of a collection of math examples that focus on money.

Note: The download is an image file.

Related Resources

To see additional resources on this topic, click on the Related Resources tab.

Create a Slide Show

Subscribers can use Slide Show Creator to create a slide show from the complete

This is part of a collection of math examples that focus on money.

Note: The download is an image file.

Related Resources

To see additional resources on this topic, click on the Related Resources tab.

Create a Slide Show

Subscribers can use Slide Show Creator to create a slide show from the complete

This is part of a collection of math examples that focus on money.

Note: The download is an image file.

Related Resources

To see additional resources on this topic, click on the Related Resources tab.

Create a Slide Show

Subscribers can use Slide Show Creator to create a slide show from the complete

This is part of a collection of math examples that focus on money.

Note: The download is an image file.

Related Resources

To see additional resources on this topic, click on the Related Resources tab.

Create a Slide Show

Subscribers can use Slide Show Creator to create a slide show from the complete

This is part of a collection of math examples that focus on money.

Note: The download is an image file.

Related Resources

To see additional resources on this topic, click on the Related Resources tab.

Create a Slide Show

Subscribers can use Slide Show Creator to create a slide show from the complete

This is part of a collection of math examples that focus on money.

Note: The download is an image file.

Related Resources

To see additional resources on this topic, click on the Related Resources tab.

Create a Slide Show

Subscribers can use Slide Show Creator to create a slide show from the complete

This is part of a collection of math examples that focus on money.

Note: The download is an image file.

Related Resources

To see additional resources on this topic, click on the Related Resources tab.

Create a Slide Show

Subscribers can use Slide Show Creator to create a slide show from the complete

5/30/11. In this issue we look at the subject of taxation of tobacco products. Many states are using such taxes to meet budget shortfalls. What are the unintended consequences of these taxes? Note: The download is a PPT file.

4/18/11. In this issue we look at income taxes. We analyze who pays what proportion of income taxes based on income level. Note: The download is a PPT file.

To see all the issues of Math in the News, click on this link.

This is the transcript that goes with the video segment entitled Video: Percents: Calculating Tax.

To access the corresponding Video Tutorial, click here: https://media4math.com/library/video-tutorial-calculating-tax