Day 41 (PF)

In Week 10A students learn about loans. Students learn about the different types of consumer loans with emphasis on mortgages, which are typically the largest and longest term loan a consumer will have.

In Budget Challenge the assumption is that students have recently graduated from college and are working. Consequently, they have term loans in the forms of student loans and a vehicle loan. They also have a credit card which is a revolving loan. Making loan payments regularly and on time are some of the performance tasks they are expected to accomplish.

Topics covered in this unit
  • Types and Costs of Debt (CW10A.1)
  • Collateral (CW10A.2)
  • Pitfalls to Debt (CW10A.3)
  • Amortization and Compound Interest (CW10A.4)

RIGHT NOW:

  1. Log in to your Budget Challenge account
  2. From your Dashboard under Written Tests click  VIEW DETAILS and next to (CW10A) LOANS/DEBT click UNIT MATERIAL
  3. READ EVERYTHING & WATCH ALL THE VIDEOS!! TODAY IS A LEARNING DAY!!
  4. Once you feel like you know everything there is to know from the Unit Materials, take the quiz–you do not have to do this today!!

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