Description
This product is great for a consumer math class or personal finance class. In this product, students will calculate the monthly car payment given the principal loan amount, loan term, and interest rate, and compare the total cost of leasing and buying the same car. There are three different scenarios where students will calculate the monthly car payment and compare the total cost of leasing and buying the same car. At the end of each scenario, students will determine if the person in the scenario should buy the car or lease it and give an explanation.
Lesson Description:
Students will be provided with scaffolded notes about leasing a car, the costs of leasing with corresponding math problems, comparing the pros and cons to buying a car, and to determine if it is better to have a loan versus a lease. This lesson should be used to delve deeper into a personal finance unit on cars, and expenses associated with cars. This resources provides real-world math examples to engage students and help students better understand how the costs of owning or leasing a car.
Math Worksheet Description:
In the math activity, students will learn that there is no right answer when it comes to either buying or leasing a vehicle. Before deciding, it is important to consider factors like the monthly payment, how many miles will be put on the car each year, maintenance, and the car's intended purpose. These factors will determine if leasing or buying is a better option.
This activity prompts students to think critically about long-term financial implications and encourages them to explore additional factors that may influence their decision-making process.
What's Included:
- 3-page scaffolded student notes handout for
- 4-page student math worksheet lesson
- Animated Google Slides that present answer on click
- Complete answer key for lesson handout, math worksheet and Google Slides
Suggestions:
I would suggest using this resource for a business, personal finance, or consumer math 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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Description
This product is great for a consumer math class or personal finance class. In this product, students will calculate the monthly car payment given the principal loan amount, loan term, and interest rate, and compare the total cost of leasing and buying the same car. There are three different scenarios where students will calculate the monthly car payment and compare the total cost of leasing and buying the same car. At the end of each scenario, students will determine if the person in the scenario should buy the car or lease it and give an explanation.
Lesson Description:
Students will be provided with scaffolded notes about leasing a car, the costs of leasing with corresponding math problems, comparing the pros and cons to buying a car, and to determine if it is better to have a loan versus a lease. This lesson should be used to delve deeper into a personal finance unit on cars, and expenses associated with cars. This resources provides real-world math examples to engage students and help students better understand how the costs of owning or leasing a car.
Math Worksheet Description:
In the math activity, students will learn that there is no right answer when it comes to either buying or leasing a vehicle. Before deciding, it is important to consider factors like the monthly payment, how many miles will be put on the car each year, maintenance, and the car's intended purpose. These factors will determine if leasing or buying is a better option.
This activity prompts students to think critically about long-term financial implications and encourages them to explore additional factors that may influence their decision-making process.
What's Included:
- 3-page scaffolded student notes handout for
- 4-page student math worksheet lesson
- Animated Google Slides that present answer on click
- Complete answer key for lesson handout, math worksheet and Google Slides
Suggestions:
I would suggest using this resource for a business, personal finance, or consumer math 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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