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I4C

Credit & Debt

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Differentiate between credit and debt. 8.2.3


Links verified 11/12/2016


  1. The Cost of Carrying A Credit Card Balance - How much in interest charges does a credit card balance accumulate over the years? [This expired link is available through the Wayback Machine Internet Archive. If the page doesn't load quickly click on Impatient? at the bottom right of the page.]
  2. Debt Through the Ages - History's highway paved with IOUs [This expired link is available through the Wayback Machine Internet Archive. If the page doesn't load quickly click on Impatient? at the bottom right of the page.]
  3. Differentiate between good debt and bad debt [This expired link is available through the Wayback Machine Internet Archive. If the page doesn't load quickly click on Impatient? at the bottom right of the page.]
  4. I want a credit card--or do I? - Credit cards seem like a great way to pay for things. It only takes a small payment each month to buy whatever your heart desires. You can charge $1000.00 for the paltry sum of $25.00 per month. But, will you still be paying when the thrill is gone? [This expired link is available through the Wayback Machine Internet Archive. If the page doesn't load quickly click on Impatient? at the bottom right of the page.] A lesson plan can be found at this site An Adobe Acrobat document in .pdf format
    1. Card Calculator - enter balance, rate, and minimum payment to calculate how long it will take to pay off the bill (a useful tool to accompany the lesson above) This site is interactive and allows students to play a game or input or collect data
    2. Credit Card Payoff Calculator - useful with the credit card lesson
    3. How Credit Card Companies Calculate Interest - also useful with the credit card lesson
  5. Q T Pi Fashions - Learning About Credit Card Use - from EconEdLink [This expired link is available through the Wayback Machine Internet Archive. If the page doesn't load quickly click on Impatient? at the bottom right of the page.]
  6. Significant Figures Calculator - one of many calculators available from Omni Calculator
    1. Mortgage - a generic mortgage calculator
    2. Lease - determine the monthly and total payments for a lease
    3. Compound Interest - teaches and often underestimated power of compound interest
    4. Investment - estimate how much profit an investment will yield in the future. .
    5. Rule of 72 - teaches the Rule of 72 - a handy trick to estimate the time it takes for something to double



A resource for the teacher to use in planning their lessons site for teachers | A PowerPoint show related to this standard PowerPoint show | An Adobe Acrobat document in .pdf format Acrobat document | A Microsoft Word document to be downloaded Word document | This interactive site would work well on an interactive whiteboard whiteboard resource | This resource includes voice instructions for students sound | A video is available through this link video format | This site is interactive and allows students to play a game or input or collect data interactive lesson | This site includes questions for your students to check their understanding a quiz | A lesson plan can be found at this site lesson plan | This link includes something for the teacher to print to print

Internet4classrooms is a collaborative effort by Susan Brooks and Bill Byles.
 

  

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