Wednesday April 29th : Math

Directions:

Today you are buying a house by securing a loan from a bank. Follow the steps below.

 Step 1:
Watch the video Buying a Home on Flo-cabulary. You will need to use your Office 365 log in.

Step 2: Assignment 1
Complete the following Form

Step 3: Assignment 2

To complete this assignment you will need paper and pencil. You will need to submit your assignment on
a word document or upload a picture of your work.

Now it is time for you to purchase your dream home!

1. How much is your home?

rd
3 Quarter Interest Rate 2. Use the chart to identify your interest rate.
Grade 3. For the length of your loan: you will figure out two loan amounts.
A 3%  15-year mortgage
B 4%  30-year mortgage
C 5% 4. Using the information you now have, answer the following questions:
D 6% a. How much is your monthly payment for a 15 year mortgage?
F 7% b. How much is your monthly payment for a 30 year mortgage?
c. Which mortgage is cheaper? Why?
d. What is the benefit of each mortgage?
e. Which one would you choose and why?

Step 4: Submit your assignment

Complete this form to submit your assignment.

Video Chats
Today you can video chat with the following teachers:
Teacher Time Join Video Chat
McRoberts, Porter, 12 noon Join Zoom Meeting
Hedlund and Davis https://us02web.zoom.us/j/83596216917