Day 43 (PF)

http://www.thirteen.org/finance/games/index.html

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!!
  5. TYPES & COSTS OF CREDIT: https://www.budgetchallenge.com/Portals/0/Documents/RoadMap/Week9/W9_Pit%20Stop_Types_Costs%20of%20Credit.pdf
  6. LOAN TRIVIA:  https://www.budgetchallenge.com/Portals/0/Documents/RoadMap/Week9/W9_Test%20Drive_Loan%20Trivia.pdf
  7. LOAD TRIVIA: https://www.budgetchallenge.com/Portals/0/Documents/RoadMap/Week9/W9_Test%20Drive_Loan%20Trivia.pdf

Leave a Reply

Your email address will not be published. Required fields are marked *