Today, we started working on Chapter 9 "Vehicle Transportation". We worked on Section 9.1 "Purchasing a New Vehicle" where the objective is to learn how to compute the sticker price of a new vehicle based on the base price, options, and destination charge. We read the lesson, Lena took her notes and we solved several examples together, then Lena worked independently to solve several practice questions.
Today, we started working on Section 8.6 "Determining the APR". We read the lesson, Lena took her notes and we worked together on one example, then Lena worked independently to solve several practice questions.
During today's Math class, we made a lot of progress. We completed lesson 8.4 and lesson 8.5. Working on these lessons, Lena had the opportunity to practice subtracting and multiplying decimals, finding percentages, learning how to work out the payment to interest, and calculating the new balance. She also learned how to compute the final payment off a simple interest installment loan.
During today's Math class, we continued working on Section 8.4. We covered several examples and Lena worked independently on several questions answering all of them correctly.
During today's Math class, we started working on Section 8.4 "Installment Loan-Allocation of Monthly Payment". The objective for this section is to work out the payment to interest, payment to principal, and the new balance.
During today's Math class, we started reviewing the concepts from Chapter 8 that we covered before the break:
Compute the maturity value and interest rate of a single-payment loan-
Calculate the amount financed on an installment loan-
Figure out the monthly payment, the total amount repaid, and the finance charge on an installment loan.
