This Life Skills for Vocational Success: Transportation, Owning a Car; Topic 2: Financing a Car lesson plan also includes:
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Discuss various places to obtain a loan. Your class will determine the principal, interest, and terms of a loan. They will also compute the monthly payments of loans, including the interest. They contact three lending institutions to find the interest rate, monthly payment and total loan amount for a $5,000 loan over three years.