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Purchasing a Car ( Amortization of Monthly Payments)

Rated 4.82 out of 5, based on 11 reviews
4.8 (11 ratings)
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HIT THE STANDARDS
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Grade Levels
8th - 12th, Higher Education, Adult Education, Homeschool
Formats Included
  • PDF
Pages
1 page
$3.00
$3.00
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HIT THE STANDARDS
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Easel Activity Included
This resource includes a ready-to-use interactive activity students can complete on any device.  Easel by TPT is free to use! Learn more.

What educators are saying

I used this assignment in my Personal Finance class, it was a true eye-opener. Students were able to discover the true costs of purchasing a car. Fun assignment. Thank you for sharing.

Description

Students will calculate the cost of purchasing/financing 7 different cars, and compare to choose the best deal! Students have to calculate the down payment (10%), the monthly payment (using amortization monthly payment formula), and the total amount paid for the car after the loan time period ends.

✔ Excellent for class or homework!

✔ Just print and go!

✔ Answer key included!

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Purchase of this unit entitles the purchaser only the right to reproduce the pages in limited quantities for classroom use only. Duplication for an entire school, an entire school system or commercial purposes is strictly forbidden without written permission from the publisher. Licenses are non-transferable and therefore can not be passed from one teacher to another. No part of this resource is to be shared with colleagues or used by an entire team, grade level, school or district without purchasing the correct number of licenses. If you are a coach, principal or district interested in transferable licenses that would accommodate yearly staff changes, please contact me for a transferable license quote at lily_135@hotmail.com.

Copyright Information:
© Erika Hernandez, Hit the Standards.
All rights reserved.

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Total Pages
1 page
Answer Key
Included
Teaching Duration
45 minutes
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