Unit B – Interest and Credit

B-1  Unit B – INTEREST AND CREDIT NOTES. Notes frame for the Unit. Your notes and some exercises we complete in class together. Read and do. Always read ahead a couple pages from class lessons.

B-2  Unit B- YouTube Play List – A selection of supporting videos from various teachers. Select ‘Play All’, sit back, interact.

B-4  MrF Interest and Credit Movies. My own movies of our notes, lessons, and assignments.  (especially if joining the course late!)

B-5  Selected possible assignments:

• • Workbook – Simple and Compound Interest.  A Grade 9 workbook without the fancy exponential Compound Interest Formula. Workbook Answers.
    • Mini side-by-side version of workbook
  • Simple Interest Assignment  (Assgt: BRAVO-1 Due )
  • Compound Interest Assignment  (Assgt BRAVO-2, Due )
  • More Interest Practice.    Solutions to More Interest Practice.
  • Loan Repayment (Susie)      (Assignment BRAVO -4    ) ;     Loan Repayment 2 (Bravo-3; Due: in class  )
  • Unit B Review.  A few Practice Questions to review  (not handin! Do yourself, plus tons or workbook questions)
  • Compare Simple and Compound Investments by Graphing

B-6  On-Line Investment Calculators.  Pick one (or two) you like!  (Of course you will get bombarded with ads)

Interest – Simple Interest.  A quick simple interest calculator.
Compound Interest Calculator.  Calculate how much your investment (or debt) will grow.
Compound Interest Calculator.  Calculate how much interest you will earn on an simple investment!
Compound Interest Calculator. Calculate how much your investment will grow!  Even add in monthly ‘annuity’ payments too!

B-10  Loan Repayment Table.  A table to calculate what your monthly payments will be to finance a large loan, like for a house. There are lots of Apps and websites that will tell you pretty much the same numbers.  Values in tables have been rounded off, so tables will not be quite as exact as an APP or a Spreadsheet.

B-12  Simple Interest Notes.  4 Pages of notes and more examples of simple interest I = Prt

B-13  Try this game of Battle Ship for Simple Interest

B-14  Try this on-line questions bank for Investments (Simple and Compound)

B-15.  Good explanation of Investments earning Compound Interest

B-20  Loan Calculators at Banks.  Of course every bank will have a loan calculator and investment calculators !

• • BMO – Loan Calculator. Can you afford a car? What car can you afford?
  • CIBC – Car Loan Calculator. Another car loan calculator
  • Assiniboine Credit Unit Union Loan Calculator(s).
  • Personal Loan Calculator.
  • Here is the Financial App we will use in Grad  12 Applied.  Also available to download too!

B-15  Money Math. A great reference resource from NWT, an everyday math skills book.

B-16 TorStar – Your Money.  A good package from the Toronto Star about managing money.

B-17 Free Money! Unclaimed Balances. I love this website, every time I teach a math course one of the students finds money that some Aunt or Grand-Parent forgot about for more than 10 years! Search the Unclaimed Properties to see if one of your ancestors or friends, alive or not, has forgotten about some money!   Maybe you forgot to cash a government check!!  >>  Heck, you could make a business doing this, telling folks about money they forgot! My family found $13,000 of my grandma’s many years ago that she had hidden away.

B -18  Using Technology!  Let’s be realistic!   There is an App for almost everything you can install on your phone!  (of course there are hazards with that!)  And of course many apps have flaws and errors.  So being able to do calculations the ‘old’ way may still be important regardless!  Download and try this Time Value Money (TVM) App:

• • Google Play for Android Devices.  EZ Financial Calculators.  (This one is loaded on our class tablets!)  Or find one you like for your device!
  • IOS (Apple) App Store.  The same TVM App as above but for Apple devices:  EZ Financial Calculators.
  • On-Line.  Use the EZ Financial TVM Calculator On-Line
  • Movie on how to use the TVM (Time Value of Money) App.

B-19  Compound Interest Calculator Excel Spreadsheet. Use an EXCEL spreadsheet to do a line by line display of compound interest!  Use Google Sheets, or Excel On-Line, etc.  Are you familiar with Spreadsheets?  Spreadsheets manipulate numbers easily and readily.