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ERIC Number: EJ930658
Record Type: Journal
Publication Date: 2010
Pages: 2
Abstractor: ERIC
Reference Count: 0
ISBN: N/A
ISSN: ISSN-1084-6522
Technology Focus: Using Technology to Promote Equity in Financial Decision Making
Garofalo, Joe; Kitchell, Barbara Ann
NCSSSMST Journal, v16 n1 p22-23 Fall 2010
The process of borrowing money can be intimidating to some people. Many feel at the mercy of a loan officer and just accept terms and amounts at face value. A graphing calculator, or spreadsheet, with appropriate knowledge of how to use it, can be an empowering tool to help create a more equitable situation or circumstance. Given the proper technology tool, one may find it easy to calculate a correct payment and a remaining mortgage balance respectively. This article presents stories that illustrate how technology, together with relevant mathematics knowledge, can help all consumers make more informed financial decisions. Equity requires that all students have opportunities to learn the mathematics of compound interest in high school mathematics courses and to learn how to use today's commonplace technologies to apply this important mathematical knowledge to their own finances over the course of their lives. The authors point out that if teachers want school mathematics courses to prepare their students for life in the real world they need to include the useful and simple technologies that allow them to succeed. (Contains 3 figures.)
National Consortium for Specialized Secondary Schools of Mathematics, Science and Technology. 3020 Wards Ferry Road, Lynchburg, VA 24502. Tel: 434-582-1104; Fax: 434-239-4140; e-mail: office@ncsssmst.org; Web site: http://www.ncsssmst.org
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A