Mortgages, Loans, Tax Calculations

Students take on the role of a house buyer. They are provided with a random house, salary, job and mortgage provider. They have to calculate repayments, monthly salary, affordability, taxes etc. Simple but fun.

part 1

part 3

part 4

Part 2

buying_a_house

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One thought on “Mortgages, Loans, Tax Calculations

  1. I really like the idea behind this activity and plan to use it with my Year 12 Core Maths group. It will be a good compound interest problem to tackle on a spreadsheet. However for mortgages the usual convention is to use APR, rather than AER which is more commonly used for savings interest rates.

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