Lesson 4b: Understanding Loans Through Gameplay
You are going to play a game called “Shady Sam”. In this game you get to be the “bad guy”.
Watch the video: “Understanding Loans Through Gameplay”
Go to the website: shadysam.com
Enter your first name and click START PLAYING.
Answer questions on the worksheet as you play and after.
You will be answering the following questions on the worksheet:
What is a “Monthly Payment”?
What is an “Interest Rate”?
What is “Term” or “Term Length”?
Name three customers you worked with?
What loans options did you choose for them?
Did you notice any patterns about “Monthly Payments”, “Interest Rate”, or “Term”? What usually got the loan shark the most money?
What objects did you get for your desk?
What did the email tell you about “student loans”?
What is the difference between an “adjustable rate mortgage” and a “fixed rate mortgage”?
What did the email say at the end of the game? How much money did you make “Shady Sam”?
After playing 'Shady Sam,' what did you learn about how loans can impact borrowers in real life? Did the game change how you think about borrowing money?