Compressed Zip File
Be sure that you have an application to open this file type before downloading and/or purchasing.
This activity allows students to compare the differences between renting and buying. Students are given two scenarios and they have to calculate upfront costs of renting, annual costs of renting, upfront costs of buying (including funding escrow account with PMI, property taxes, and homeowners' insurance), annual costs of buying a house, and monthly housing payment. In addition, students can practice their spreadsheet skills or it can be printed out for them to calculate by hand. At the completion of the spreadsheet there are questions for students to reflect on their calculations. Key is included with formulas embedded to assist teacher.