Algebra Resource Center - A Virginia Education Resource

 So You Want to Buy a Car?


Go to the Web-site:

Edmunds.com: Car Payment Calculator

The URL:

http://www.edmunds.com/edweb/loan/calculator.html

Summary and Suggestions:

This web-site is provided by an on-line car dealership to offer the service of calculating loan payments based on the amount borrowed, loan period, and interest rate. Select a fixed loan period and interest rate (you've limited it to a two-variable situation) and have students create a matrix based on loan amount and monthly payments. Students can graph the results and determine whether the graph is linear. Add the notions of slope to the exercise, if desired. As an extension activity, free students to select their own interest rates and loan period. Allow them to create their own matrices and attempt to represent the results graphically. It'll be interesting to discuss the results.

Primary SOL(s):

|A.2| | A.4 | A.5 | A.6 | A.7 |

Topics:

| Algebraic Language | Functions | Graphing | Matrices | Patterns | Slope |

Submitted By:

Kurt Stemhagen

Date Added:

June 23, 2001


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