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Exponential Functions
Unit 4:
students should be talking to each other about factors that may be missing
from ones plan as well as discussing with older family members a
reasonable amount to save or spend each month based on their monthly
income.
M.E.T.S.
Objectives:
Implementation Plan:
1. Inform students that they will begin a project that incorporates the
exponent information that they have been learning.
2. Distribute project guidelines to students.
3. Give students the following instructions.
a. Today you will begin a large project which will be used as an
assessment (test/quiz)
b. You will begin the project by choosing one large item (home,
car, boat, art piece, cottage, etc) that you think you may wish
to purchase as an adult.
c. Once you have decided on your item, you must have it
approved by the teacher before you begin any further
investigation.
d. Once your item has been approved, you will being researching
the following
i. A source of income (job or career)
ii. Savings plans (interest rates)
iii. Loan programs (interest rates)
iv. Prices of your item
1. Homes- Zillow, homes.com, etc.
e. Advise students that most large purchases are made through
loans from financial institutions which charge a fee, interest,
for borrowing their money. These rates can vary by institution
and can be found on each individual website.
f. Once you begin finding information, you will choose EXACTLY
which item it is that you are purchasing (ex. a specific home)
and determine the purchase price.
g. You then need to use that information to compare interest
rates and the price that you would pay over the entire term of
the loan.
h. If you are planning on paying cash for your item, you should
find out about interest paid to you on the varying savings
plans and how long it would take to save your desired amount
of money with interest calculated in.
(Advise students, when creating a savings plan that
banks will pay them interest for holding their money
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