Monthly Payment for Long Term Loan
by GERARDO CIAR
The lesson plan uses the formula derived by Sal from Khan Academy how to solve for the monthly payment of a long term loan whose interest is compounded monthly. The lesson also include how to find the correct amount of the last monthly payment, the total interest paid, and the total payment using the excel or google spreadsheet. The lesson can be extended by following the suggested discussion topics on the last slide.
Lesson Plan Link/URL
https://docs.google.com/presentation/d/1pPXXB9NPUm-tqC7kG1hR7xrSMdBI6Bp3mxjZ7rZ…Related Content
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