Financial Mathematics Choice Board for At Home Learning
This choice board is to be used for April 6-17. Students will work through 4 activities on the choice board per week (8 total). Each topic has options for online and offline activities. Before getting started
on the activities, you will need to join your math teacher’s Google Classroom. All submissions and communication will go through here. When joining the classroom and working with the online activities,
students will need to be logged in to their Waco ISD google account. Students should attempt to do activities from a variety of topics.
Financial Institutions &
Types of Accounts
A1) ​WOULD YOU RATHER
& justify your answer
Would you rather have a
Certificate of Deposit gifted to you
that is currently worth $500 but has
an APR of 4.2% that will mature in
5 years OR a Certificate of Deposit
gifted to you that is currently worth
$450 but has an APR of 3.5% that
will mature in 10 years?
A2)
What is the difference
between a Money Market
Account, a Savings Account,
and a Checking Account?
Give at least 3 characteristics
for each.
A3)
Look up a local bank's interest
rate online or call a bank and
ask them what their interest
rate is on a checking account.
Then find how long it would
take $100 to double at that
rate using the compound
interest formula.
Should you need help, check with your teacher regarding “office hours” or “tutorials.”
Credit & Identity Theft
B1) ​WOULD YOU RATHER
& justify your answer
Only pay the minimum amount due
on your credit card OR pay it all off
at once but it's late.
Write down a pro and con of each
and explain your final reasoning of
your choice. Remember to think of
the consequences of either action
(credit score, total paid, etc.)
B2)
Should they open a credit
card?
Look at 4 different credit profiles
and decide if they should get a
credit card.
Submit your answers in the Google
form linked in the presentation.
B3)
How to Protect Yourself from
Identity Theft Online
Write your answers on your
own paper or Google Doc to
submit to your teacher.
Housing Costs
C1)
Write a budget for one month
of living in a neighborhood or
city of your choice. Include
cost of rent, utilities, food,
transportation, savings, etc.
C2)​ ​WOULD YOU RATHER
& justify your answer
Compare on campus living options
vs average cost of off campus
living at an apartment or house at
a college of your choice. What is
included in on campus living?
What utilities are you still
responsible for? How does the cost
compare?
C3)​ ​Research housing costs
in the Greater Waco Area:
Choose a place to live
(house/townhouse/apartment) that
fits your budget and your needs.
What is rent? What utilities are
included? What utilities will you be
responsible for? Does the total
cost of living amount to 40% of
your net income or less? If not, do
you plan on having roommates?
How many roommates? What then
will your portion of the monthly
living expense be?
Vehicles: Comparing &
Analyzing Costs
D1)​ ​ ​ ​WOULD YOU RATHER
& justify your answer
Buy a New car from a
dealership? Buy a used car
from a Dealership, or buy a
used car from a private party?
Provide three pros and three
cons to each.
D2)
What Are the True Costs of
Owning a Car?
Write a “tip sheet” to share with
their friends including things to
consider when purchasing a car.
D3)
Avoiding the Lemon:
Comparing Used Cars
Make a copy of the activity in
Google Docs or write your
answers on your own paper to
submit to your teacher.
Compensations,
Benefits, & Taxes
E1)
Explain how tax brackets work
and how income tax is
calculated
E2) ​ ​ WOULD YOU RATHER
& justify your answer
Earn a paycheck with your taxes
and benefits taken out before you
get it? Or work as a private
contractor, paying your own taxes
and benefits? Explain your
response and give examples.
E3)
Reading a Pay Stub
Complete all 3 parts of the activity.
Screenshot or take a picture of
your final screen to submit as proof
of completion.
Financial Investments
F1)​ ​ WOULD YOU RATHER
& justify your answer
If you could have invested in
Crocs (CROX) 10 years ago or
Apple (APPL) 1 year ago,
which one would you have
rather invested in & why?
F2)
Research index funds and
mutual funds. Give 1 way that
they are similar and 1 way that
they are different.
F3)
Building your STAX
Complete the activity. Write
your answers to the
2-Question Exit Ticket on your
own paper or Google Doc to
submit to your teacher.