Description: Having learned the general features of a mortgage, students learn the specifics of a subprime mortgage. With this comes the notion of a credit score, and with credit scores come the probabilities for a loan default. Students use the amortization table to run probability simulations to determine possible loan defaults on subprime mortgages.
Grade Range: 6-12, college developmental math
Curriculum Standards: CCSS.Math. Content. 6.SP.B.5, CCSS.Math. Content. 8.SP.A.1, CCSS.Math. Content.HSS -ID.B.6
Copyright: ©2011
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