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Standards/Math/Alabama/MM.7

MM.7

MM Mathematical Modeling
MM.1
MM.10
MM.11
MM.12
MM.13
MM.14
MM.15
MM.16
MM.17
MM.18
MM.19
MM.2
MM.20
MM.21
MM.22
MM.3
MM.4
MM.5
MM.6
MM.7
MM.7.aMM.7.bMM.7.c
MM.8
MM.9

Compare and contrast housing finance options including renting, leasing to purchase, purchasing with a mortgage, and purchasing with cash.

MM.7.aResearch and evaluate various mortgage products available to consumers.MM.7.bCompare monthly mortgage payments for different terms, interest rates, and down payments.MM.7.cAnalyze the financial consequence of buying a home (mortgage payments vs. potentially increasing resale value) versus investing the money saved when renting, assuming that renting is the less expensive option.
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