Activity Overview
Students learn real-world math skills and financial literacy by calculating car payments with the TVM Solver.
About the Lesson
This activity helps students connect the concept of compound interest with financial literacy as they calculate car payments using the TVM Solver (Time, Value, Money) on the TI-84 series calculator. The activity is available as a printable worksheet, ideal for students to complete in class or as homework.
Created by Michelle (@the_precal_gal), a high school math teacher with 18+ years of experience.
In this activity, students will:
- Research and analyze realistic data, including car prices, APRs and loans.
- Use the TVM Solver to calculate monthly car payments based on their research.
- Explore compound interest and its impact on car loan payments, connecting mathematical concepts to everyday financial decisions.
- Consider whether the car fits within a realistic budget using criteria such as careers and salaries.
This activity is part of the Calculated Collection, featuring easy-start activities made by teachers for today's differentiated classrooms.
What is included in the download:
- Student worksheets
- Teacher notes
- Answer guide
- Calculator tips for using the TVM Solver