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Description
In this consumer math handout students will calculate monthly payments for auto loans by looking at interest rate, principal, and loan term. Students will also be given a chart of different interest rates based on credit scores and whether the car is new or used. Students are given three different scenarios in which they must determine which financing option is best for the individual.
What's Included:
- Example problem
- 4 page worksheet with 3 different scenarios
- Complete answer key
Suggestions:
I would suggest going over the example as a class and dividing students into groups or pairs and have them work on the problems together. This resource is great for a personal finance class or business class. I made this resource for my consumer math class which consists of 11th and 12th grades but this resource can be used for high schoolers or middle schoolers.
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Car Loans Worksheet on Calculating Monthly Car Payments for Consumer Math
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Description
In this consumer math handout students will calculate monthly payments for auto loans by looking at interest rate, principal, and loan term. Students will also be given a chart of different interest rates based on credit scores and whether the car is new or used. Students are given three different scenarios in which they must determine which financing option is best for the individual.
What's Included:
- Example problem
- 4 page worksheet with 3 different scenarios
- Complete answer key
Suggestions:
I would suggest going over the example as a class and dividing students into groups or pairs and have them work on the problems together. This resource is great for a personal finance class or business class. I made this resource for my consumer math class which consists of 11th and 12th grades but this resource can be used for high schoolers or middle schoolers.
Join My Exclusive Email List and Receive a Free Product!
Sign up for my email list and be the first to know about my latest products, special offers, and exciting updates. As a thank you for joining, you’ll receive a free product! Don’t miss out on this exclusive offer – sign up now and enjoy your complimentary gift! Email List Signup!
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Thank you for the feedback! I just fixed the issue and the updated version can be downloaded.
