![]() ![]() Indeed, my experience is that most young adults (including college students) have never used an amortization table, which is the subject of today’s post. How is that possible? 12% of $200,000 is only $24,000.” Without fail, these future teachers don’t have a good response to this question. He told me that by the time he finishes paying for the house, it will have cost him more than $500,000. Here’s the question: A student asks, “My father bought a house for $200,000 at 12% interest. In these sessions, I play the role of a middle- or high-school student who’s asking a tricky question to his math teacher. This post is inspired by one of the questions that I pose to our future high school math teachers during our Friday question-and-answer sessions. I wear a lot of hats - Developer, Database Administrator, Help Desk, etc., so I know a lot of things but not a lot about one thing. 'The solutions and answers provided on Experts Exchange have been extremely helpful to me over the last few years.
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