Geometry February 24 & 25. Agenda Continue ACT Preparation Collected Bell Ringer Example of Group Activity Group Activity.

Slides:

Advertisements

Similar presentations

Business Math, Eighth Edition Cleaves/Hobbs © 2009 Pearson Education, Inc. Upper Saddle River, NJ All Rights Reserved 15.1 Mortgage Payments Find.

Advertisements

Home Buying Process Financial Options. Objectives Define the Four “Cs” of the Loan Process Determine How Much You Can Afford for a House Calculate Front-End/Back-End.

W ELCOME TO U NIT 8 Mortgages Finding the Monthly Mortgage Payment The amortization of a loan is when the repayment of a loan in equal installments, are.

Unit 8 Seminar: Mortgages Professor Otis D. Jackson

Managing Your Money Lesson from the Council for Economic Education Financial Fitness for life publication.

Example 4 Home Mortgage Chapter 5.6 A couple who wants to purchase a home has $30,000 for a down payment and wants to make monthly payments of $2200. If.

Accelerated PreCalculus/Trig 3

Section 1: Use of Credit.  Credit: Receiving money with the promise to pay in the future ◦ Principal: The Original amount of the loan ◦ Interest: Amount.

GOVERNOR’S INSTITUTE 2011 MORTGAGE ECONOMICS. INTEREST FORMULAS (SIMPLE AND COMPOUND)

Group 5 Tony Duong - Organizer Paul Sibbett - Techie Behrooz Falsafi - Summarizer.

 Federal student loans usually have the lowest interest rate  Have to start making payments 6 months after graduation  Making payments while in school.

Buying a House with a Mortgage College Mathematics Section 11.5.

Managing Your Money Personal Finance. Disposable Income.

 It’s a great feeling when you buy your first house, but it comes with expenses that you didn’t have to worry about when you rented  Despite having more.

Section 4C Loan Payments, and Credit Cards Pages C.

Review Jeopardy Objective DefinitionsSituationsMoney and numbers

* Decide where you want to live and research to help you find available positions. The very top boxes let you do a search by occupation,

Section 4D Loan Payments, and Credit Cards Pages

Home buying Case Study By Arthur Espinoza.

My Future As I Know It Jennifer Smith 8 th Grade End of the Year Budgeting Project.

 Credit  Equity  Credit: the ability to borrow money in return for a promise of future repayment. Future repayment usually includes interest.

Group 5 Tony Duong - Organizer Paul Sibbett - Techie Behrooz Falsafi - Summarizer.

14 February 2011 Algebra 2. Bellringer: [-2+(-1*4)]+[-2(3+9)] = ? of 30.

B1: I can calculate simple interest on a bank account.

Building: Knowledge, Security, Confidence Borrowing Basics.

Borrowing to Buy a Home 6.1. Down Payments and Closing Costs Terms to know: – Down Payment – Mortgage Loan – Principal – Closing Costs – Points.

House Hunting Finding your own place is exciting, but it is also a big responsibility. What are some costs associated with renting or buying a home?

My Future As I Know It Jennifer Smith 8 th Grade End of the Year Budgeting Project.

Calculating mortgage payments (Paying back your student loans)

 Credit  Equity  Credit: the ability to borrow money in return for a promise of future repayment. Future repayment usually includes interest.

Objectives:  Describe needs and wants  Apply a decision making process to make personal financial choices  Understand terms on personal cash flow statements.

210 – Payment Function. Buying a Car – The ABC’s So you want to buy a car! We must first look at all the variables! Car Price, Down Payment, Interest.

Write in complete sentences. What is the difference between: Tax structures vs. tax bases (Give examples) Tax rate versus tax amount (How is each measured?)

Series – Mortgage & Savings Question - You decide to buy a house and take out a mortgage for £60,000, at a fixed interest rate of 5% This 5% interest is.

What is a Mortgage? - Part 2 Review 1. What is the term of a mortgage? The length of time that the interest rate is fixed. 2. What is the difference between.

Lesson 5: Can You Afford the House You Want? Use the “Gross Debt Service Ratio” aka GDS formula. Your calculation must be less than 32% to be able to afford.

BELL RINGER. WELCOME TO THE REAL WORLD! NOVEMBER 13, 2015.

3/7/14 “Apartment hunting” 1.What are 4 things that you should do or ask when you go on an apartment visit? 2.What is the first thing that you should do.

HOME BUYING. How Much Can You Afford? Monthly payments – 28% of Gross Income Price of Home – 2-3 X Gross Income Gross Income – total income before taxes.

BUYING A HOUSE Affordability Guidelines The 2 most common guidelines for buying a house are:  Don’t pay more than 3 times your annual gross income.

DO NOW – HAVE OUT SKILLS REVIEW PACKET

Budget Project: Are you ready for the real world? Complete the steps listed below to see if you are ready to move out and live on your own. What are you.

MATH 110 Sec 8-5 Lecture: Annuities – Amortization

Prepare to Buy Your First Home

FIN 467 Competitive Success/snaptutorial.com

FIN 467 Education for Service/snaptutorial.com

Twenty years from now Ms. Nguyen.

Mortgages and Creating Amortization Tables

The Forever Loan Shay Flora Math-201.

Housing Affordability – Traditional Index

Housing Affordability Peaked at Q1 2012

Housing Affordability Peaked in Q1 2012

Housing Affordability – Traditional Index

Housing Affordability – Traditional Index

Housing Affordability – Traditional Index

Housing Affordability – Traditional Index

Bell Ringer: Copy and answer on page 20 of your notebook.

Date Mortgage Interest Rate* P&I** Today $100, % $

Average Credit Card Debt Average Minimum Payment

California Housing Affordability Update

California Housing Affordability Update

Housing Affordability Peaked at Q1 2012

Interest Rates, Terms, Total Financed Amount

Advanced Financial Algebra

California Housing Affordability Update

California Housing Affordability Update

California Housing Affordability Update

California Housing Affordability Update

California Housing Affordability Update –

Presentation transcript:

Geometry February 24 & 25

Agenda Continue ACT Preparation Collected Bell Ringer Example of Group Activity Group Activity

Bell Ringer(10mins) Find the average of ⅓ and % of what number is 36? 50 is what percent of 20? Write the following fractions as percent.

Continue working on PSAE Packets (30 mins) Try to get as far as you can with the PSAE packets. You will have the opportunity to finish on Tuesday. They will be collected as a grade on next Tuesday!!

Examples of Group activity/ Notes (20 mins) 1. An engineer’s salary is 95,000, and he/she is trying to purchase a house that is worth $250,000. They can only get approved if the monthly mortgage payment and other expenses are below 40% of their yearly salary. The terms on the mortgage is a 5% fixed interest rate for 30 years.

Continued…. 1.What is 40% of their annual salary? 2.Calculate how much my mortgage will be each month with principal and interest. 3.Add my mortgage payment to their other expenses each month. Are these expenses combined lower than 40% of their annual salary? 4.Can they afford this house?

Group Activity (25 mins) 1.Each group will be given a house. 2.Each group will be given a profession with you annual salary. 3.Using the example we did as a class, determine if you are able to afford this house based on your annual salary. REMEMBER, your monthly expenses must be 40% or less to afford your home!!