Avoiding Interest
2020.12.10 9:31 am - 10:14 am
Teaching point: How can we avoid making interest payments on purchases?
Do Now
Do Now
You purchase a new TV with a store card offering 0% APR (pay no interest) for 18 months. What happens if you don't pay in full within 18 months?
You purchase a new TV with a store card offering 0% APR (pay no interest) for 18 months. What happens if you don't pay in full within 18 months?
Agenda
Agenda
Do Now (5 - 10 minutes)
Do Now (5 - 10 minutes)
Mini Lesson: Avoiding Interest Payments on Purchases (10 - 15 Minutes)
Mini Lesson: Avoiding Interest Payments on Purchases (10 - 15 Minutes)
Assignment: Shopping with Interest (10 - 15 Minutes)
Assignment: Shopping with Interest (10 - 15 Minutes)
Assignment: Shopping with Interest
Assignment: Shopping with Interest
Calculate how much interest you will pay if you pay the minimum payment each month.
Calculate how much interest you will pay if you pay the minimum payment each month.