In this worksheet, students will analyze a sample amortization schedule for a mortgage loan presented in both tabular and graphical formats. They will examine the data to understand how mortgage payments are distributed between principal and interest over time, and how the loan balance decreases. By answering questions based on the amortization schedule, students will gain insights into loan repayment dynamics and the impact of amortization on financial planning.
Activities:
This worksheet is designed to enhance students' understanding of mortgage loan amortization, providing them with valuable insights into loan repayment and financial planning.
In this worksheet activity, students will be provided with an amortization schedule and an amortization graph, they will analyze both and answer the given questions.