Understanding Amortization
2020.11.30 9:31 am - 10:14 am
Teaching point: How do loan amortization and payments work?
Agenda
Agenda
Do now (5 - 10 minutes)
Do now (5 - 10 minutes)
Understanding how loan payments work (10 - 15 Minutes)
Understanding how loan payments work (10 - 15 Minutes)
Understanding Amortization Assignment (10 - 15 Minutes)
Understanding Amortization Assignment (10 - 15 Minutes)
Closure (5 minutes)
Closure (5 minutes)
Understanding how loan payments work
Understanding how loan payments work
When loan payments are amortized, the total amount you owe every month remains constant. Why does the amount of INTEREST you owe decrease every month? Respond in the chat after the video or unmute to respond.
When loan payments are amortized, the total amount you owe every month remains constant. Why does the amount of INTEREST you owe decrease every month? Respond in the chat after the video or unmute to respond.
Understanding Amortization CW
Understanding Amortization CW
You will now look at an amortization table to understand how loan repayments work. Access the assignment below or in Google Classroom to get started.
You will now look at an amortization table to understand how loan repayments work. Access the assignment below or in Google Classroom to get started.
Closure
Closure
The marking period ends December 9. We will have one more quiz before then. It will be this Friday, December 4. Please remember that, as per the syllabus, assignments submitted late will not receive full credit and will not be graded immediately. You will likely have to wait until the end of the Marking Periods to see your grade change. Please do not email me to grade assignments that are submitted late.
The marking period ends December 9. We will have one more quiz before then. It will be this Friday, December 4. Please remember that, as per the syllabus, assignments submitted late will not receive full credit and will not be graded immediately. You will likely have to wait until the end of the Marking Periods to see your grade change. Please do not email me to grade assignments that are submitted late.