MMA.MATH.3.D
Use technology to create amortization models to investigate automobile financing and compare buying a vehicle to leasing a vehicle.
Mathematical Models with Applications · Texas Essential Knowledge and Skills (TEKS) · TEKS 2012
Standard Unwrapping
AI-generated as a starting point — sign in to edit.Vocabulary
technologyamortization modelsautomobile financingbuying a vehicleleasing a vehiclecomparison
Skills
- use (technology to create amortization models) #dok2
- investigate (automobile financing options using models) #dok3
- compare (buying a vehicle to leasing a vehicle) #dok2
- analyze (results of amortization models) #dok3
Learning Targets
- I can identify key components of an amortization model. #dok1
- I can recognize the difference between buying and leasing a vehicle. #dok1
- I can use technology to create an amortization model for automobile financing. #dok2
- I can compare the costs of buying versus leasing a vehicle using mathematical models. #dok2
- I can investigate how different financing terms affect total payments using an amortization model. #dok3
- I can analyze and explain the advantages and disadvantages of buying versus leasing a vehicle based on model results. #dok3
Big Ideas
- Understanding amortization models helps consumers make informed financial decisions about vehicle ownership.
- Comparing buying and leasing a vehicle using mathematical models reveals the long-term financial impacts of each option.
Essential Questions
- What is an amortization model, and how can technology help create one for automobile financing?
- How do the costs of buying and leasing a vehicle compare over time?
- What factors influence the total cost of owning versus leasing a car?
- How can mathematical models be used to support financial decisions related to vehicle purchases?
- In what ways might the terms of a loan or lease affect your decision between buying and leasing a vehicle?