ACT WISE AND SAVE MORE

INTRODUCTION

John wanted to buy a new small family car. John and his friend smith went to a car dealer and talked

about the price .The dealer made three different offers.

Pay $15540.00 upfront and no other finanical liabilities in terms of tax and tag

Pay off $5000.00 at the time of purchase and the balance in sixty installments of $204.60 in five years
Pay off $16880.00 at 3.9% interest rate at EMI( equated monthly installments) in next five years.

TASKS

Offer#1

Find the compound interest of $15540.00 for five years at the current rate, and then compute the amount

that may accumulate at the end of five years from now.

Offer#2

Find total amount John need to pay in next five years as mentined in the second offer.

Offer#3

Find out the amount John need to pay towards each installment.

Calculate the total amount that John must pay in next five years.

Conclusion

Compare each case and make a conclusion that which option is more benefitial.

RESOURCES

http//:www.gcalc.net
http://money.cnn.edmunds.com/finance

PRESENTATION

Dispay the formulas used on a poster board. Clearely state the name of various

websites from were information is gathered. Show all facts and figures(calculatios) with the

help of an overhead projector. Convince others the calculation of interest by

using graphing calculator and overhead projector. All the work has to be

submitted typed and well organized.

SCORING RUBRIC

Title:
Name:
Total Score:		Final Grade:
Objectives	Expected outcomes	Poor	Satisfactory	Good	Excellent
Web search	Students conducted enough web research in order to gather the information. Clearly stated the URLs.	5	10	15	20
Knowledge	Students demonstrated knowledge of interest calculation and percentage. Correct formulas were used.	5	10	15	20
Application	Applied previous knowledge in the calculation. Graphing calculator is used. The formulas used were clearly stated.	5	10	15	20
Organization	Calculations carried out aptly Technique used in the calculation and comparison is interpreted clearly. All written materials are well organized and logically connected	5	10	15	20
Language proficiency	Maintained language proficiency in written materials and during presentation	5	10	15	20

TEACHER PAGE

With this small project, students will get the oppertunity to apply the knowledge of percentage

and interest calculation, in a real-life situation. They also get the hands-on experience of

technology useful in these type of calculations. For example:graphing calculator. The objective

of this project is alligned with PSSA standards of education.

PSSA standards:Content Category 2.8.11, 2.5.11

INTRODUCTION

John wanted to buy a new small family car. John and his friend smith went to a car dealer and talked

about the price .The dealer made three different offers.

Pay $15540.00 upfront and no other finanical liabilities in terms of tax and tag

Pay off $5000.00 at the time of purchase and the balance in sixty installments of $204.60 in five years

Pay off $16880.00 at 3.9% interest rate at EMI( equated monthly installments) in next five years.

TASKS

Offer#1

Find the compound interest of $15540.00 for five years at the current rate, and then compute the amount

that may accumulate at the end of five years from now.

Offer#2

Find total amount John need to pay in next five years as mentined in the second offer.

Offer#3

Conclusion

RESOURCES

Title:

Name:

Total Score:

Final Grade:

Objectives

Expected outcomes

Poor

Satisfactory

Good

Excellent

Web search

Students conducted enough web research in order to gather the information. Clearly stated the URLs.

5

10

15

20

Knowledge

Students demonstrated knowledge of interest calculation and percentage. Correct formulas were used.

5

10

15

20

Application

Applied previous knowledge in the calculation. Graphing calculator is used. The formulas used were clearly stated.

5

10

15

20

Organization

Calculations carried out aptly Technique used in the calculation and comparison is interpreted clearly. All written materials are well organized and logically connected

5

10

15

20

Language proficiency

Maintained language proficiency in written materials and during presentation

5

10

15

20

With this small project, students will get the oppertunity to apply the knowledge of percentage

and interest calculation, in a real-life situation. They also get the hands-on experience of

technology useful in these type of calculations. For example:graphing calculator. The objective

of this project is alligned with PSSA standards of education.