In this lesson and activity students will learn how to use the TVM solver in the ti-84 calculators to calculate the monthly payment when purchasing a car or a house. In the activity students will learn how the length of the loan impacts the monthly payment and the total amount paid for the car. The lesson and the activity connect the mathematical concepts of interest and the real life process of buying a car.
This product contains a PowerPoint presentation for instructing students how to use the TVM solver and the loan activity.
The lesson and activity is designed to take up a 90 minute period.