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Algebra Applications: Data Analysis, Segment 2: What Is a Mortgage?

VIDEO: Algebra Applications: Data Analysis, Segment 2: What Is a Mortgage?

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.

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Common Core Standards CCSS.MATH.CONTENT.6.SP.B.5, CCSS.MATH.CONTENT.8.SP.A.1
Duration 11.55 minutes
Grade Range 6 - 9
Curriculum Nodes Algebra
    • Probability and Data Analysis
        • Data Analysis
        • Data Gathering
Copyright Year 2011
Keywords algebra, data analysis, math of money, financial math, mortgage crisis, amortization, amortization table