In this interactive worksheet, students will explore the impact of adjusting interest rates and loan durations on the amortization of a mortgage loan. Using sliders to adjust the interest rate and loan duration, students will observe real-time changes in a stacked bar chart that visualizes the distribution of payments between principal (blue portion) and interest (red portion).
Activities:
The learning objective of the amortization graph activity is to help students understand how varying interest rates and loan durations influence mortgage payments over time. By analyzing the graph, students will learn to comprehend amortization schedules, see the division of payments between principal and interest, and observe the effects of different interest rates and loan terms on total and monthly payments.