Time: Approximately 45 minutes
Pencil, paper, scientific
calculator, and computers with internet access.
Prerequisites: This RWLO is recommended for students who
have some basic understanding of simple and compound interest.
They should also have an understanding of the payment formula.
RWLO can be done outside of class as homework or as an in-class
project. Students may discuss their procedures with other
students, each student should go through each step and perform
his/her own calculations.
- Review payment formula with students.
- Distribute Project Outline.
If this is done completely
as an in-class assignment, students will need to have access
to the internet. It is recommended that the assignment be
done in two parts.
- Assign Due Date. (Students should complete the project
worksheet as an independent assignment.)
- Collect project package.