4, 2015
I will continue the story about my OSAP loan that started last class and ask
the student to answer the following questions. I will encourage discussion
and the use of calculator to answer the questions. At the same time, I will
be checking what the students already know about the topic.
❖ The Story
Learning Objective
Participatory Learning
Using a Power Point Presentation, the students and I will solve the last two
questions of the pre-test. I will encourage participation and will be walking
around the classroom checking their work. I’ll be explaining any concept
while solving the problem. After this, we will work together the following
problems. I will use graphs (time lines), calculator and formulas.
Post-test
To determine if the student have indeed learned I will ask them to work the
following questions.
❖ A mortgage of $240,000 is amortized over 20 years. Interest for the
first 5 years was 7.25% compounded semi-annually. After 4 years of
payment, the interest drops to 4.85% and the mortgage is refinanced.
Compute the new monthly payment, assuming
❖
❖ A penalty equal to three-month interest on the outstanding
balance
❖ The interest rate differential method
I will give the following points to the students to summarize the lesson.