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HOME SWEET HOME: A FINANCIAL INCENTIVE FOR THE LOWER LEVEL MATHEMATICS COURSE
 

Summary: HOME SWEET HOME: A FINANCIAL INCENTIVE FOR THE LOWER LEVEL
MATHEMATICS COURSE
George Ashline and Joanna Ellis-Monaghan
ADDRESS: Department of Mathematics
St. Michael's College
Winooski Park
Colchester, VT 05439
E-mail:
gashline@smcvt.edu
jellis-monaghan@smcvt.edu
ABSTRACT: We describe a house-buying active learning project which is designed to
motivate students in lower level college mathematics courses. In addition, we
discuss the mathematical content, implementation, evaluation, and benefits of the
project. The project involves many aspects of house buying, such as choosing a
mortgage program subject to financial constraints, estimating a homeowner's
property and income taxes, and preparing an amortization schedule. We provide
students with actual materials drawn from several community sources to give
them a real-life context for course work.
KEYWORDS: Student motivation, house buying, simple interest amortized loan,
amortization schedule, mathematics of finance, finite mathematics, active

  

Source: Ashline, George - Department of Mathematics, Saint Michaels College

 

Collections: Mathematics