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This Surviving the Month unit plan also includes:
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- Activity
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Pupils create budgets based upon family expenditures. They determine what the monthly payments will be for buying a car and a house based on compound interest for the total amount.
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Concepts
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Instructional Ideas
- Use an amortization calculator to determine the difference between finding the monthly loan payments based on the calculation in the lesson and reality
Classroom Considerations
- Assumes students have experience calculating compound interest
- Requires learners to collect family expenditures for a month
Pros
- Provides sample responses to each task
- Contains rubrics for scoring tasks
Cons
- None