Council for Economic Education
Calculating Simple Interest
How much is owed? A calculated resource introduces the simple interest formula with a video that describes how to use it. Classmates then show what they know by answering questions within a simple interest worksheet.
Curated OER
FILLING EMPTY POCKETS: BORROWING, LOANS AND CREDIT.
Learners learn that maintaining financial security takes a good math understanding. In this lesson, students apply mathematical formulas to make important financial decisions like getting the right loan to buy a house, decide which...
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The Business of Interest
Students explore the concept of simple and compound interest. For this interest lesson, students discuss how interest works on a loan. Students calculate simple and compound interest on loans of fictitious characters from a video.
Curated OER
Compound Interest
Students solve compound interest problems. In this solving compound interest problems instructional activity, students use TVM Solver on the Ti-83 Plus. Students find the future value of a principal amount at a given interest rate...
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Calculating Interest
Students explore the concept that when money is borrowed, people pay to use it because someone else is losing an opportunity to use it while they have it. What you pay to use the money is called interest. The rate of interest is a...
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Thinking About Credit
Learners explore the concept of credit. In this credit lesson, students discuss what it means to buy items using credit. Learners discuss how interest accrues and how much is really being paid with a credit card. Students calculate...
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Credit Purchases
Twelfth graders calculate interest on purchases bought with a credit card. They use the formula I=PRT to find the interest. In pairs, they use a flyer to calculate the interest for electronic items.
Federal Reserve Bank
Lesson 3: A Fresh Start
The members of your economics class may be busy earning graduation credits, but the credit they should be concerned about is their financial credit. The third lesson in a unit about Hurricane Katrina and other events that can result in...
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The Case of the Gigantic $100,000 Bill
Students investigate the money creation process and calculate the upper bound of the money creation process using a money multiplier. In this money creation lesson plan, students use a imitation $100,000 bill. Students demonstrate...
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What Is the Federal Reserve?
Students examine simple bank transactions. For this banking lesson, students analyze banking transactions such as deposits, loans, and how they hold reserves. They participate in simulations of the process of clearing a check and the...
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Calculating A Car Payment
Students choose a car from an Internet used car dealer and then calculate their monthly payment. All the necessary resources and formulas are provided. This is a simple, but practical and effective, lesson for a math or life skills class.
EngageNY
Credit Cards
Teach adolescents to use credit responsibly. The 32nd installment of a 35-part module covers how to calculate credit card payments using a geometric series. It teaches terminology and concepts necessary to understand credit card debt.
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Thinking About Credit
Students examine the use of credit such as installment purchases and credit cards. In this credit lesson, students learn the vocabulary associated with credit usage such as mortgage, credit report/score, and debit cards. They determine...