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Warm-Up If you are financing a $25,000 car, and you put down 5% of the total price. How much are you financing? What if your interest is 2.75%, how much interest would you be paying on the total price of the car?

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Page 1: Lesson 8.4 Installment Loans - Monthly Payment Allocation · Allocation of Payment on Installment Loans As you learned in Lesson 8.3, an installment loan is repaid in equal monthly

Warm-Up

If you are financing a $25,000 car, and you put down 5% of the total price. How much are you financing? What if your interest is 2.75%, how much interest would you be paying on the total price of the car?

Page 2: Lesson 8.4 Installment Loans - Monthly Payment Allocation · Allocation of Payment on Installment Loans As you learned in Lesson 8.3, an installment loan is repaid in equal monthly

Lesson 8.4 Installment Loans

Monthly Payment AllocationChapter 8 Loans

Page 3: Lesson 8.4 Installment Loans - Monthly Payment Allocation · Allocation of Payment on Installment Loans As you learned in Lesson 8.3, an installment loan is repaid in equal monthly

Lesson 8.4 Installment Loans

Monthly Payment Allocation

Learning Target

Students will be able to calculate the payment to interest, payment to principal, and new balance.

Essential Question

How do you allocate installment loan payments?

Page 4: Lesson 8.4 Installment Loans - Monthly Payment Allocation · Allocation of Payment on Installment Loans As you learned in Lesson 8.3, an installment loan is repaid in equal monthly

Lesson 8.4 Installment Loans

Monthly Payment Allocation

Page 5: Lesson 8.4 Installment Loans - Monthly Payment Allocation · Allocation of Payment on Installment Loans As you learned in Lesson 8.3, an installment loan is repaid in equal monthly
Page 6: Lesson 8.4 Installment Loans - Monthly Payment Allocation · Allocation of Payment on Installment Loans As you learned in Lesson 8.3, an installment loan is repaid in equal monthly

Lesson 8.4 Installment Loans

Monthly Payment Allocation

Page 7: Lesson 8.4 Installment Loans - Monthly Payment Allocation · Allocation of Payment on Installment Loans As you learned in Lesson 8.3, an installment loan is repaid in equal monthly

Lesson 8.4 Installment Loans

Monthly Payment Allocation

Page 8: Lesson 8.4 Installment Loans - Monthly Payment Allocation · Allocation of Payment on Installment Loans As you learned in Lesson 8.3, an installment loan is repaid in equal monthly

Lesson 8.4 Installment Loans

Monthly Payment Allocation

Page 9: Lesson 8.4 Installment Loans - Monthly Payment Allocation · Allocation of Payment on Installment Loans As you learned in Lesson 8.3, an installment loan is repaid in equal monthly
Page 10: Lesson 8.4 Installment Loans - Monthly Payment Allocation · Allocation of Payment on Installment Loans As you learned in Lesson 8.3, an installment loan is repaid in equal monthly
Page 11: Lesson 8.4 Installment Loans - Monthly Payment Allocation · Allocation of Payment on Installment Loans As you learned in Lesson 8.3, an installment loan is repaid in equal monthly

Lesson 8.4 Installment Loans

Monthly Payment Allocation

Page 12: Lesson 8.4 Installment Loans - Monthly Payment Allocation · Allocation of Payment on Installment Loans As you learned in Lesson 8.3, an installment loan is repaid in equal monthly

Student Assignment

In student textbook

Complete Pg. 318 #5 - 115 ALL

Show All Work!

Lesson 8.4 Installment Loans

Monthly Payment Allocation


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