The Cost of Being Late

New Review

Introductory offers and teaser rates make buying with credit seem like a great idea. Scholars learn to interpret and understand these deals and their long-term implications. They figure the overall cost when paying only the minimum balance, missing a payment, and more.

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CCSS: Designed
Instructional Ideas

  • Use Bank Rate to compare current credit card offers
  • Share full amortization tables for a large purchase such as a car
Classroom Considerations

  • Assumes prior knowledge of figuring interest and percentages
Pros

  • Provides many excellent extension ideas for those wishing to learn more
  • Applies to real life
  • Teaches critical thinking skills
Cons

  • None