Amortization Schedule-Mortgage

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:

• Introduction to Amortization Schedules: Students will receive an overview of amortization schedules, including their purpose and the information they provide about loan repayment.
• Sample Amortization Schedule: Students will be provided with a sample amortization schedule for a mortgage loan, presented in both tabular and graphical formats.
• Data Analysis: Students will analyze the amortization schedule to understand how mortgage payments are distributed and how the loan balance decreases over time. They will answer a series of questions based on their analysis.

This worksheet is designed to enhance students' understanding of mortgage loan amortization, providing them with valuable insights into loan repayment and financial planning.