TEKS: Chapter 111. Mathematics See All Teacher Resources
111.43.c.3
(3) Mathematical modeling in personal finance. The student uses mathematical processes with algebraic formulas, graphs, and amortization modeling to solve problems involving credit. The student is expected to:
- (A) use formulas to generate tables to display series of payments for loan amortizations resulting from financed purchases;
- (B) analyze personal credit options in retail purchasing and compare relative advantages and disadvantages of each option;
- (C) use technology to create amortization models to investigate home financing and compare buying a home to renting a home; and
- (D) use technology to create amortization models to investigate automobile financing and compare buying a vehicle to leasing a vehicle.