Monthly Payment for Long Term Loan
by GERARDO CIAR
The lesson plan uses the formula derived by Sal from Khan Academy how to solve for the monthly payment of a long term loan whose interest is compounded monthly. The lesson also include how to find the correct amount of the last monthly payment, the total interest paid, and the total payment using the excel or google spreadsheet. The lesson can be extended by following the suggested discussion topics on the last slide.
Lesson Plan Link/URL
https://docs.google.com/presentation/d/1pPXXB9NPUm-tqC7kG1hR7xrSMdBI6Bp3mxjZ7rZ…Subject Area
Technology 5. Computational Thinker Mathematics Expressions and Equations (EE) Algebra (A)
Featured
Off
Related Content
Grades:
9th Grade, 10th Grade, 11th Grade, 12th Grade
In this creative lesson, students choose to be heroes saving an endangered species or to be villains eradicating an endangered species. They create their origin story, finance a plan, and end with a
Grades:
7th Grade, 8th Grade, 9th Grade, 10th Grade, 11th Grade, 12th Grade
This is an introduction to exoplanets and their discovery. In the hands-on activity, students make a lightcurve for an exoplanet transit using data from the DIY MicroObservatory Telescope Network.
Grades:
9th Grade, 10th Grade, 11th Grade, 12th Grade
In this lesson, students physically manipulate a couple of springs and then collect data from a spring force Phet simulator. Next, they graph the data, calculate the area under the curve of their