Mathematics Essentials 11 Banking
Specific Curriculum Outcomes
C1 interpreting data from amortization tables
B7 calculating the cost of a loan using amortization tables
B8 determine the cost of using credit, using technology
C2 explore the effects of parameter changes on the cost of borrowing money
A1 understand the various savings and investing alternatives commonly available
C3 determine the effects of compound interest on deposits made into savings accounts using technology
C4 explore the growth of savings based on a variety of investment strategies ranging in amounts and time frames using technology
A2 explore the concepts of risk tolerance vs. reward investing and demonstrate an understanding of how it changes during different life stages
C1 interpreting data from amortization tables
B7 calculating the cost of a loan using amortization tables
B8 determine the cost of using credit, using technology
C2 explore the effects of parameter changes on the cost of borrowing money
A1 understand the various savings and investing alternatives commonly available
C3 determine the effects of compound interest on deposits made into savings accounts using technology
C4 explore the growth of savings based on a variety of investment strategies ranging in amounts and time frames using technology
A2 explore the concepts of risk tolerance vs. reward investing and demonstrate an understanding of how it changes during different life stages
Activities
- Compound Interest Simulator from NCTM Illuminations - An applet to investigate savings account earnings, credit card debt, and a stock market simulation.