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?

Lesson 8.4 Installment Loans

Monthly Payment AllocationChapter 8 Loans

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?

Lesson 8.4 Installment Loans

Monthly Payment Allocation

Lesson 8.4 Installment Loans

Monthly Payment Allocation

Lesson 8.4 Installment Loans

Monthly Payment Allocation

Lesson 8.4 Installment Loans

Monthly Payment Allocation

Lesson 8.4 Installment Loans

Monthly Payment Allocation

Student Assignment

In student textbook

Complete Pg. 318 #5 - 115 ALL

Show All Work!

Lesson 8.4 Installment Loans

Monthly Payment Allocation