Access Point #: MA.912.F.3.In.f (Archived Access Point)


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Identify resources and strategies for purchasing costly items, such as a car and a house.

Clarifications:

May include taking out a mortgage, making a down payment, or rent to own.

Number: MA.912.F.3.In.f Category: Independent
Date Adopted or Revised: 08/08 Standard: Loans and Financing : Become familiar with and describe the advantages and disadvantages of short-term purchases, long-term purchases, and mortgages.

Related Benchmarks

Name Description
MA.912.F.3.7: Calculate the following fees associated with a mortgage:
  • discount points 
  • origination fee 
  • maximum brokerage fee on a net or gross loan 
  • documentary stamps 
  • prorated expenses (interest, county and/or city property taxes, and mortgage on an assumed mortgage)



Related Courses

Name Description
1207310: Liberal Arts Mathematics
1200500: Advanced Algebra with Financial Applications