Buying a home, dealing with a lender, securing a mortgage; these are daunting tasks for many adults. Why not teach middle schoolers about this area of adulthood so they are better-prepared to make the leap into home ownership when they reach that stage in life? Pupils learn about principal, length of mortgage, and interest rates. They calculate various scenarios the determine which of these has the greatest impact. 

Concepts

mortgages, buying a house, compound interest, interest rates

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Additional Tags

math

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Instructional Ideas

• Review the lesson vocabulary with learners before teaching

Classroom Considerations

• A presentation to use in addition to the project or as a mini-version of the topic

Pros

• This terrific lesson combines mathematics with financial education

Cons

• None