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Activity Overview |
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In this activity, students carry out financial computations, involving amortization. Students will prepare amortization tables indicating principal payments, interest payments, and the balance on a loan for each time interval.
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Before the Activity |
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Select TVM Solver from the calculator menu
See the attached PDF file for detailed instructions for this activity
Print pages 24 - 28 from the attached PDF file for your class
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During the Activity |
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Distribute the pages to the class.
Follow the Activity procedures:
Use the TVM Solver to find the monthly mortgage payments using N, I%, PV, P/Y and C/Y values
Find the balance after each payment
Create a amortization table with principal, payments, and balance amounts
View the payment schedule for different months
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After the Activity |
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Review student results:
As a class, discuss questions that appeared to be more challenging
Re-teach concepts as necessary
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Other Downloads |
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view standards alignment
view textbook alignment
Subject Area:
Math : Math General : General
Author:
Texas Instruments
Level:
9-12
Activity Time:
60 Minutes
Device:
TI-83 Plus Family, TI-84 Plus Family
Apps:
Finance
Software:
Accessories:
Other:
This is Activity 10 from the EXPLORATIONS Book:
Time, Value, Money: Applications on the TI-83.
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