Annuities and Mortgages
Students will investigate ordinary annuities, calculating the future value of regular deposits and the present value of regular payments. They will explore the mathematics behind mortgages and loan amortization.
About This Topic
Students will investigate ordinary annuities, calculating the future value of regular deposits and the present value of regular payments. They will explore the mathematics behind mortgages and loan amortization.
Key Questions
- What is an annuity and how does it differ from a single lump-sum investment?
- How are mortgage payments calculated?
- What is the impact of changing the interest rate or amortization period on a loan?
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5E Model
The 5E Model structures lessons through five phases (Engage, Explore, Explain, Elaborate, and Evaluate), guiding students from curiosity to deep understanding through inquiry-based learning.
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