14
Theme 4 Lesson 14:
All About Interest
To compare the cost of different loans, students must understand finance charges and interest rates. In this lesson, the students learn how to compute finance charges, how to differentiate between add-on and annual percentage rates, and how the annual percentage rate and loan repayment period affect the cost of a loan.
Concepts
- Annual Percentage Rate (APR)
- Finance Charge
- Interest
- Interest Rate
Standards in Economics and Personal Finance
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