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Math Week 2

The document provides instructions for a math assignment where students must watch an educational video on buying a home, complete two assignments involving calculating mortgage amounts and rates for 15-year and 30-year loans on a dream home, and submit their work either on a Word document or by photo. It includes a chart listing interest rates by grade and questions for students to answer about monthly payments, cheaper mortgages, and benefits of each type of loan. Teachers are also available at noon for optional video chats to assist with the assignment.

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1K views

Math Week 2

The document provides instructions for a math assignment where students must watch an educational video on buying a home, complete two assignments involving calculating mortgage amounts and rates for 15-year and 30-year loans on a dream home, and submit their work either on a Word document or by photo. It includes a chart listing interest rates by grade and questions for students to answer about monthly payments, cheaper mortgages, and benefits of each type of loan. Teachers are also available at noon for optional video chats to assist with the assignment.

Uploaded by

api-268569185
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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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

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