Take Control of Debt: Not All Loans Are the Same

Outside of class, students research the terms of an auto loan … Note: The calculator on the CD-ROM rounds payment to the next lower dollar amount, …

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Take Control of Debt, Take Control of Debt, Revolving credit, Term credit, Finance charge, SERVICE, CHARGE, Annual percentage rate(APR), Lender, Finance charges, Pixley Bank and Trust, XYZ Savings and Loan, Joe\’s Auto Sales, Loan term of payments, Monthly payment, Finance charges, 3years, 4years, 5years, www.dallasfed.org/, educate/calculators/closed-calc.cfm, 36months, 48months, 60months, 72 months, Amount financed, Annual percentage rate(APR), Monthly payment, Total finance charges, Total cost of the car(finance, charges+$20,000)

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