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Mortgages & Home Ownership
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Review and master real estate
terminology
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Determine cost of financing a home
- down payments, closing costs, interest rate and points
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Determine types of mortgages and
compare rates associated with each type
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Analyze costs associated with home
ownership - depreciation, taxes, insurance and maintenance
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Utilize on-line calculators
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COMP 6 ~ Problem-Solving Applications – Use mathematical
procedures to analyze and solve business problems.
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FIN 4 ~ Saving and Investing – Evaluate savings and
investment options to meet short- and long-term goals.
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FIN 5 ~ Buying Goods and Services – Apply a decision-making
model to maximize consumer satisfaction when buying goods and services.
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MGT 8 ~ Technology and Information Management – Utilize
information and technology tools to conduct business effectively and
efficiently.
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MST.C.01.PI.A.01 ~ MATHEMATICAL ANALYSIS ~ use algebraic and
geometric representations to describe and compare data.
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MST.C.06.PI.F.02 ~ OPTIMIZATION ~ analyze subjective
decision making problems to explain the trade-offs that can be made to
arrive at the best solution.
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MST.C.07.PI.A.03 ~ CONNECTIONS ~ design solutions to
real-world problems on a community, national, or global scale using a
technological design process that integrates scientific investigation and
rigorous mathematical analysis of the problem and of the solution.
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Evaluate deprecaition methods -
Straight-line, Double-declining and sum of the years digits
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Apply depreciation methods and
perform mathematical formulas associated with the various methods
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COMP 1 ~ Mathematical Foundations – Apply basic mathematical
operations to solve problems.
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COMP 2 ~ Number Relationships and Operations – Solve
problems involving whole numbers, decimals, fraction, percents, ratios,
averages, and proportions.
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MST.C.01 ~ STUDENTS WILL USE MATHEMATICAL ANALYSIS,
SCIENTIFIC INQUIRY, AND ENGINEERING DESIGN, AS APPROPRIATE, TO POSE
QUESTIONS, SEEK ANSWERS, AND DEVELOP SOLUTIONS.
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MST.C.07.PI.A.02 ~ CONNECTIONS ~ analyze and quantify
consumer product data, understand environmental and economic impacts,
develop a method for judging the value and efficacy of competing
products, and discuss cost/benefit and risk/benefit tradeoffs made in
arriving at the optimal choice.
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Compare financial advantages and
disadvantage of buying vs renting a home
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Recognize and evaluate the benefits
of home "equity"
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FIN 1 ~ Personal Decision Making – Use a rational
decision-making process as it applies to the roles of citizens, workers,
and consumers.
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FIN 4 ~ Saving and Investing – Evaluate savings and
investment options to meet short- and long-term goals.
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FIN 5 ~ Buying Goods and Services – Apply a decision-making
model to maximize consumer satisfaction when buying goods and services.
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MST.C.07.PI.A.03 ~ CONNECTIONS ~ design solutions to
real-world problems on a community, national, or global scale using a
technological design process that integrates scientific investigation and
rigorous mathematical analysis of the problem and of the solution.
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Auto Loans & Vehicle Costs
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Utilize math skills to determine
rate of depreciation for a motor vehicle
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Create mathematical formulas to
find average annual depreciation, resale and trade-in value
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Analyze costs associated with motor
vehicle ownership - depreciation, insurance, maintenance and state
licensing fees
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COMP 2 ~ Number Relationships and Operations – Solve
problems involving whole numbers, decimals, fraction, percents, ratios,
averages, and proportions.
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COMP 6 ~ Problem-Solving Applications – Use mathematical
procedures to analyze and solve business problems.
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FIN 5 ~ Buying Goods and Services – Apply a decision-making
model to maximize consumer satisfaction when buying goods and services.
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MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic
and geometric concepts and skills to the solution of problems.
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MST.C.01.PI.F.01 ~ SCIENTIFIC INQUIRY ~ use various means of
representing and organizing observations (e.g., diagrams, tables, charts,
graphs, equations, matrices) and insightfully interpret the organized
data.
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MST.C.01.PI.G.02 ~ ENGINEERING DESIGN ~ identify, locate,
and use a wide range of information resources, and document through notes
and sketches how findings relate to the problem.
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Establish the financial impact of
lease vs buying a motor vehicle (lack of equity, decreased value - unlike
real estate)
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Develop spreadsheets and construct
formulas, tables and graphs to compare the financial impact of ownership
vs. rent/lease
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Master the utilization of formula
construction
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Perform mathematical formuals and
interpret results
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FIN 1 ~ Personal Decision Making – Use a rational
decision-making process as it applies to the roles of citizens, workers,
and consumers.
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FIN 5 ~ Buying Goods and Services – Apply a decision-making
model to maximize consumer satisfaction when buying goods and services.
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MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic
and geometric concepts and skills to the solution of problems.
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MST.C.01.PI.F.01 ~ SCIENTIFIC INQUIRY ~ use various means of
representing and organizing observations (e.g., diagrams, tables, charts,
graphs, equations, matrices) and insightfully interpret the organized
data.
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MST.C.06.PI.F.02 ~ OPTIMIZATION ~ analyze subjective
decision making problems to explain the trade-offs that can be made to
arrive at the best solution.
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Review and master terminology
associated with taxes
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ECO 7 ~ The Role of Government – Analyze the role of
government in economic systems, especially the role of government in the
U.S. economy.
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MST.C.01 ~ STUDENTS WILL USE MATHEMATICAL ANALYSIS,
SCIENTIFIC INQUIRY, AND ENGINEERING DESIGN, AS APPROPRIATE, TO POSE
QUESTIONS, SEEK ANSWERS, AND DEVELOP SOLUTIONS.
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Determine property tax rates and
perform calculations to confirm applicable tax due
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Find assessed value of property and
calculate property taxes due
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Determine reasoning behind property
tax assessment
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COMP 2 ~ Number Relationships and Operations – Solve
problems involving whole numbers, decimals, fraction, percents, ratios,
averages, and proportions.
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COMP 6 ~ Problem-Solving Applications – Use mathematical
procedures to analyze and solve business problems.
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ECO 7 ~ The Role of Government – Analyze the role of
government in economic systems, especially the role of government in the
U.S. economy.
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MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic
and geometric concepts and skills to the solution of problems.
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MST.C.07.PI.A.03 ~ CONNECTIONS ~ design solutions to
real-world problems on a community, national, or global scale using a technological
design process that integrates scientific investigation and rigorous
mathematical analysis of the problem and of the solution.
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Review the concept and relevance of
sales tax and how/by whom monies collected are utilized
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Utilize sales tax tables to
practice completion of mathematical formulas
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Interpret the results of formulas
and financial data
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COMP 2 ~ Number Relationships and Operations – Solve
problems involving whole numbers, decimals, fraction, percents, ratios,
averages, and proportions.
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COMP 6 ~ Problem-Solving Applications – Use mathematical
procedures to analyze and solve business problems.
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ECO 7 ~ The Role of Government – Analyze the role of
government in economic systems, especially the role of government in the
U.S. economy.
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MST.C.02 ~ STUDENTS WILL ACCESS, GENERATE, PROCESS, AND
TRANSFER INFORMATION USING APPROPRIATE TECHNOLOGIES.
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MST.C.06.PI.E.01 ~ PATTERNS OF CHANGE ~ use sophisticated
mathematical models, such as graphs and equations of various algebraic or
trigonometric functions.
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Review social security concepts and
terminology
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Evaluate the FICA tax rate and how
it is divided and utilized/paid by whom
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Calculate FICA tax rates for
employee, employer and self-employed individuals
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Interpret the results of formulas
and financial data
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Review federal and state tax
terminology and affect on personal income
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Determine income levels for tax
assessment
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Utilize federal and state tax
tables to practice completion of mathematical formulas
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Identify dependents and their
affect on income
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Differentaiate between earned and
unearned income
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Design a spreadsheet and create
formuals to calculate and re-calculate tax due based on changing income
levels
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COMP 2 ~ Number Relationships and Operations – Solve
problems involving whole numbers, decimals, fraction, percents, ratios,
averages, and proportions.
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COMP 6 ~ Problem-Solving Applications – Use mathematical
procedures to analyze and solve business problems.
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ECO 7 ~ The Role of Government – Analyze the role of
government in economic systems, especially the role of government in the
U.S. economy.
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MST.C.01 ~ STUDENTS WILL USE MATHEMATICAL ANALYSIS,
SCIENTIFIC INQUIRY, AND ENGINEERING DESIGN, AS APPROPRIATE, TO POSE
QUESTIONS, SEEK ANSWERS, AND DEVELOP SOLUTIONS.
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MST.C.01.PI.C.01 ~ MATHEMATICAL ANALYSIS ~ apply algebraic
and geometric concepts and skills to the solution of problems.
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MST.C.01.PI.D.02 ~ SCIENTIFIC INQUIRY ~ hone ideas through
reasoning, library research, and discussion with others, including
experts.
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MST.C.01.PI.F.01 ~ SCIENTIFIC INQUIRY ~ use various means of
representing and organizing observations (e.g., diagrams, tables, charts,
graphs, equations, matrices) and insightfully interpret the organized
data.
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MST.C.02.PI.A.01 ~ INFORMATION SYSTEMS ~ understand and use
the more advanced features of word processing, spreadsheets, and
data-base software.
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