Are you looking to teach your students how to calculate the interest incurred from a loan? Or do you need a resource to help your student calculate a monthly loan repayment amount? In this lesson package, your students will learn more about the different types of loans, commonly used terms when dealing with loans (amortization, principal, interest) etc and how to calculate the interest and monthly repayment amount of a loan.
What’s included
A ready-made deck of Google Slides to teach:
the definition of loan
the different types of loans
secure vs unsecure
fixed vs variable interest rate
mortgages, personal loan, car loan, home equity loan, credit cards, student loan
commonly used terms (amortization, principal, interest, term, grace period, cosigner, default, origination fee)
5 worksheets that can be printed or used digitally
1 crossword puzzle to test your students on their understanding of the different terms used in the loan industry
1 loan sorting worksheet
1 budgeting worksheet to budget for a car loan
1 worksheet to help you compare the impact of choosing different loan periods and different interest rates
1 worksheet to calculate total interest, total payment and monthly payments
A set of 6 printable gamecards to calculate the interest incurred from borrowing a loan and the monthly repayment amount
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