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Name: ________________

Section: ______________

Total Score: ______/100

Mathematical Concepts ____/ 80 points

Concept
Part 1
Car Table
Loan Rate Table
Car 1 Table
- Monthly Payment
- Total Interest
- Total Cost
- Percent
Car 2 Table
- Monthly Payment
- Total Interest
- Total Cost
- Percent
Monthly Income

Student
Score

Total Score

2
2
6
6
2
2
6
6
2
2
4

Part 2
Create It

Part 3
Amortization Table
- Interest
- Principle
- Balance
Loan Balance
Car Value Table
Value vs. Loan Table
Creation of Scatter Plot

4
4
2
5
1
1
10

Part 4
Monthly Payment
Required Income

4
4

CATEGORY

Questions

complete
sentences.

The majority of the

questions are
complete
sentences.

Many of the
The majority of the
questions are
questions are not
missing or
complete
sentences are not
questions.

The
questions are
not

Explanation

Explanation is
detailed and clear,
and shows a
complete
understanding of
the math concepts.

Explanation is
clear and shows a
substantial
understanding of
the math concepts.

Explanation is a
little difficult to
understand, but
includes critical
components and
some
understanding of
math concepts.

Explanation is
difficult to
understand and is
missing several
components. Very
little understanding
or underlying
concepts was
shown.

The
explanation
was not
included.

Neatness and
Organization

The work is
presented in a
neat, clear,
organized fashion
that is easy to

The work is
presented in a
neat and
organized fashion
that is usually easy

The work is
presented in an
organized fashion
but may be hard to

The work appears

sloppy and
unorganized. It is
hard to know what
information goes
together.

The work is
extremely
sloppy and
incomplete.

Graphs

Graphs include all

appropriate labels,
titles, scales and
legends and are
visually appealing.

Graphs include all

appropriate labels,
titles, scales and
legends.

Graphs are
missing some
labels, title, scales
or legends. Color
choices may make
it difficult to see
the graph.

Graphs are
Graphs are
missing
missing.
appropriate labels,
title, scale, and
legend.

Mathematical
Terminology
and Notation

Correct
terminology and
notation are
always used,
making it easy to
understand what
was done.

Correct
terminology and
notation are
usually used,
making it fairly
easy to
understand what
was done.

Correct
terminology and
notation are used,
but it is sometimes
not easy to
understand what
was done.

There is little use,

or a lot of
inappropriate use,
of terminology and
notation.

There is no
use or
appropriate
terminology
or notation.

Part 1
o

Part 2
o
o

Which loan would you pick and why?

Do you always want to go with the lowest interest rate, regardless of loan length? Why
or why not?

Part 3
o
o
o
o
o
o
o

What do you notices about the amount of money applied towards the interest each
month? Towards the principle? Why do you think that is?
What is your loan balance at the end of one year? What percent of the loan do you still
owe at this time?
Two years?
Three Years?
Four Years?
What does this chart and graph tell you?
There is a phrase called upside down in your payment. What do you think that means?
Why would this be a problem?

Part 4
o
o
o
o
o
o
o

How much of a down payment would you need if your monthly income is \$4000?
\$3000?
\$2000?
Estimate how much you would have in your savings account after 1 year and show your
work.
2 years?
Would this be something you would consider?
What would be some benefits or detriments and why?