Promethean Flip Chart: Algebra Applications: What Is a Subprime Mortgage?

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:

Copyright: ©2011

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Promethean Flipchart: Algebra Applications: What Is a Subprime Mortgage?Flipchart
Promethean Flipchart: Algebra Applications: What Is a Subprime Mortgage?Flipchart