Learning Goal:
Finish 5.01 Part 1 Business Credit
Finish 5.01 Part 1 Business Credit
Bellringer: Pull up PowerPoint 5.01 Part 1
To NOT come to tiger time the following items need to be completed:
1. PowerPoint 5.01 Clip Art study guide
2. The front page of the 5.01 worksheet needs to be completed
3. The back of the 5.01 worksheet should have 2 reasons to give teens credit cards and
2 reasons why teens should not have credit cards
4. May 15 and May 16 Bellringer questions need to be completed
5. On the back of the Bellringer worksheet you need to have written the installment interest
rate paragraph (except for Kasey and Jade)
3. The back of the 5.01 worksheet should have 2 reasons to give teens credit cards and
2 reasons why teens should not have credit cards
4. May 15 and May 16 Bellringer questions need to be completed
5. On the back of the Bellringer worksheet you need to have written the installment interest
rate paragraph (except for Kasey and Jade)
6. Today's assignment needs to be finished
Before Lunch:Guided Lesson:
We are going to finish PowerPoint 5.01 part 1
We are on slide 14.
If the class is attentive you will not need to fill out page 2 and 3 of the worksheets.
We are on slide 14.
If the class is attentive you will not need to fill out page 2 and 3 of the worksheets.
At the first website:
—http://http://www.channelone.com/life/swf_credit//
1. choose a credit card (Platinum, Gold or Plus) (READ the details closely)
2. buy items you want (write)
3. see how long it will take to pay the credit card off just making the minimum payment (write)
4. see how much you will pay for the purchases if your just make the minimum payment (write)
5. choose a different credit card and buy the SAME items.
6. Which credit card offered you the most savings? (write)
—http://http://www.channelone.com/life/swf_credit//
1. choose a credit card (Platinum, Gold or Plus) (READ the details closely)
2. buy items you want (write)
3. see how long it will take to pay the credit card off just making the minimum payment (write)
4. see how much you will pay for the purchases if your just make the minimum payment (write)
5. choose a different credit card and buy the SAME items.
6. Which credit card offered you the most savings? (write)
After Lunch:
Complete May 16 Bellringer Questions
Read pages 457-461
The Annual Percentage
Rate (APR) is a disclosure required by law. It states the percentage cost of
credit on a __________________________basis.
Answer questions on page 456 (Do NOT write letter- write the entire answer)
1. True or False. The principal of a loan is the
total amount of interest that will be paid.
2. True or False. Interest rates are stated on the
basis of one year even if a loan is for several years.
3. The most valuable number to consider when
comparing credit among various borrowing sources is the
__________________________________________________
Pull up PowerPoint 5.02 Risk
.
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