Students used the internet to estimate monthly costs of living expenses such as food, utilities, gasoline, auto maintenance, entertainment, and donations.
Click here to see recommended budget percentages.
On Monday, May 2 students will take the Chapter 8 Independent Living test. The first part of the period we will review the Practice Test. The second part of the period, students will take the test.
Click here for a copy of Chapter 8 Practice Test
You can use this formula sheet on the test Chapter 8 Formula Sheet
Class Work: Complete the buget items for living expenses in your budget portfolio.
Assignment: Complete the Chapter 8 Practice test.
Student worked on the Practice Test for Chapter 8. The exam will be on Monday, May 2.
Objective: Students learned about fees associated with Rental, Condominiums and Cooperative property agreements.
Read pages 422-427 in Financial Algebra.
Assignment: Financial Algebra p. 428-429, Problems 2, 4-8.
Objective: Students learned about mortgage amortization and how mortgage payments are calculated. They also learned about mortgage closing costs.
Read pages 411-419 in Financial Algebra
Assignment: Financial Algebra, p. 420-421, Problems 2, 3, 5, 6, 11-14
Objective: Students learned to calculate mortgage payments, property tax, and loan qualification ratios (front end and back end).
Read pages 401-407 in Financial Algebra.
Assignment: Financial Algebra, p. 408-409, Problems 3 – 13 odds, and 4.
Objective: Students learned how to read a floor plan, to calculate square footage of an apartment to plan paint and floor covering, to determine area of an irregular shaped object and how to determine the BTU rating needed to air condition a room.
Read Section 8.2 on pages 393 to 398 in Financial Algebra
Assignment: Financial Algebra, p. 399-400, Problems 2, 4, 5, 8, 9.
Objective; Students will calculate the costs associated with finding a place to live.
Assignment: Read Section 8-1 on pages 384-390 and add all vocabulary to the composition notebook. Work problems 2 – 8 and 13 in the Applications section on page 391.