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How Credit Card Interest Works

Learners experiment with an Excel spreadsheet model that demonstrates the effects of interest on payments. They calculate actual costs, interest paid, and time necessary to pay off credit purchases and draw conclusions about the difference in total interest cost that results from varying the monthly payment.

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Resource Details

Grade
10th - 12th
Subjects
Math
1 more...
Resource Type
Lesson Plans
Technology
Database & Spreadsheet

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