NAME, TEACHER AND DATE

THE COSTS AND METHODS OF OBTAINING CREDIT

PG 162-168

NAME, TEACHER AND DATE

DEFINE EACH TERM

• NET INCOME

• ANNUAL PERCENTAGE RATE

• COLLATERAL

NAME, TEACHER AND DATE

DEFINE EACH TERM

• SIMPLE INTEREST

• MINIMUM MONTHLY PAYMENT

NAME, TEACHER AND DATE

CAN YOU AFFORD A LOAN?WHAT IS A LOAN?

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NAME, TEACHER AND DATE

CAN YOU AFFORD A LOAN?DEBT PAYMENTS-TO-INCOME RATIO

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NAME, TEACHER AND DATE

THE COST OF CREDITTHE FINANCIAL CHARGE AND ANNUAL PERCENTAGE

RATE

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NAME, TEACHER AND DATE

TACKLING THE TRADE-OFFSTERM VS. INTEREST COSTS

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NAME, TEACHER AND DATE

TACKLING THE TRADE-OFFSLENDER RISK VS. INTEREST RATE

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NAME, TEACHER AND DATE

LENDER RISK VS. INTEREST RATEVARIABLE INTEREST RATE

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NAME, TEACHER AND DATE

LENDER RISK VS. INTEREST RATEA SECURED LOAN

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NAME, TEACHER AND DATE

LENDER RISK VS. INTEREST RATEUP-FRONT CASH

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NAME, TEACHER AND DATE

LENDER RISK VS. INTEREST RATEA SHORTER TERM

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NAME, TEACHER AND DATE

CALCULATING THE COST OF CREDITSIMPLE INTEREST

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NAME, TEACHER AND DATE

CALCULATING THE COST OF CREDITSIMPLE INTEREST ON THE DECLINING BALANCE

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NAME, TEACHER AND DATE

CALCULATING THE COST OF CREDITADD-ON INTEREST

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NAME, TEACHER AND DATE

CALCULATING THE COST OF CREDITCOST OF OPEN-END CREDIT

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NAME, TEACHER AND DATE

CALCULATING THE COST OF CREDITCOST OF CREDIT AND EXPECTED INFLATION

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NAME, TEACHER AND DATE

CALCULATING THE COST OF CREDITTHE MINIMUM MONTHLY PAYMENT TRAP

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