{"id":1755,"date":"2014-01-03T10:29:47","date_gmt":"2014-01-03T10:29:47","guid":{"rendered":"http:\/\/maths.crusoecollege.vic.edu.au\/?page_id=1755"},"modified":"2014-01-03T10:29:47","modified_gmt":"2014-01-03T10:29:47","slug":"s1t5k","status":"publish","type":"page","link":"http:\/\/maths.crusoecollege.vic.edu.au\/s1t5k\/","title":{"rendered":"Semester 1 Topic 5 Level K"},"content":{"rendered":"<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td colspan=\"2\" valign=\"top\" width=\"308\"><b>Task Name :\u00a0<\/b>Paying off your Mortgage<\/td>\n<td colspan=\"2\" valign=\"top\" width=\"308\"><b>Task Level : <\/b>K\u00a0(Year 10)<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"205\"><b>Semester :\u00a0<\/b>1<\/td>\n<td colspan=\"2\" valign=\"top\" width=\"205\"><b>Topic :<\/b>\u00a0Comparing Fractions<\/td>\n<td valign=\"top\" width=\"205\"><b>VC Strand :\u00a0<\/b>Money and Financial Mathematics<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" valign=\"top\" width=\"616\"><b>Web Address :\u00a0<\/b><a style=\"color: #fe8771\" href=\"http:\/\/maths.crusoecollege.vic.edu.au\/mfmK\" target=\"_blank\">http:\/\/maths.crusoecollege.vic.edu.au\/mfmK<\/a><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" valign=\"top\" width=\"616\"><b>Equipment Needed :\u00a0<\/b>A device with Excel or similar spreadsheet capacity<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" valign=\"top\" width=\"616\"><b>Victorian Curriculum outcome :\u00a0<\/b>Connect the compound interest\u00a0formula to repeated applications of\u00a0simple interest using appropriate\u00a0digital technologies<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" valign=\"top\" width=\"616\"><b>Task description :<\/b>\u00a0Students use a spreadsheet to simulate paying off a $300,000 mortgage over 25 years using repayments of $808 per fortnight at 4.99% per annum. They then change the spreadsheet to investigate what happens to the expected pay-off date when (a) extra repayments are made; (b) a lump sum is added to the mortgage, and (c) the interest rate is lowered by 0.5%. \u00a0Students then create an advertisement on the effects of extra repayments, lump sums and interest rate decreases.<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" valign=\"top\" width=\"616\"><b>Assessment options :\u00a0<\/b>Any drawn or digital representation of the advertisement.<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" valign=\"top\" width=\"616\"><b>Teacher notes :\u00a0<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Task Name :\u00a0Paying off your Mortgage Task Level : K\u00a0(Year 10) Semester :\u00a01 Topic :\u00a0Comparing Fractions VC Strand :\u00a0Money and Financial Mathematics Web Address :\u00a0http:\/\/maths.crusoecollege.vic.edu.au\/mfmK Equipment Needed :\u00a0A&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"http:\/\/maths.crusoecollege.vic.edu.au\/wp-json\/wp\/v2\/pages\/1755"}],"collection":[{"href":"http:\/\/maths.crusoecollege.vic.edu.au\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/maths.crusoecollege.vic.edu.au\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/maths.crusoecollege.vic.edu.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/maths.crusoecollege.vic.edu.au\/wp-json\/wp\/v2\/comments?post=1755"}],"version-history":[{"count":0,"href":"http:\/\/maths.crusoecollege.vic.edu.au\/wp-json\/wp\/v2\/pages\/1755\/revisions"}],"wp:attachment":[{"href":"http:\/\/maths.crusoecollege.vic.edu.au\/wp-json\/wp\/v2\/media?parent=1755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}