## Video Transcript: Algebra Applications: Data Analysis, Segment 3: What is a Subprime Mortgage?

**Description: **
This is the transcript for the video of same title. Video contents: 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