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Grades 9-12
Car Loan Calculator
In this personal finance activity, students use a car loan calculator to compare interest rates.
Key Concepts: Interest
Standards
Concepts
Students learn what compound interest is, how it is calculated, and appreciate the impact it makes on loans and investments. To begin the lesson students work through simple interest leading to compound interest problems. The students find the balance over time using compound interest as well as determine how much interest will be paid over a period of time.
Subjects:
Economics Related Resources
Grades 9-12
Compounding Your Savings
In this personal finance activity, students will identify the purpose of compound interest and how it works to build savings.
Key Concepts: Interest, Saving
Grades 9-12
Interest and Percent Growth
In this math lesson, students will examine and calculate interest on loans and investments.
Key Concepts: Credit, Interest, Saving
Grades 6-8, 9-12
Compound Interest Calculator
This calculator demonstrates how compounding can affect your savings.
Key Concepts: Interest, Investing, Savers
