Erasing Debt Activity

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Erasing Debt Activity

Description:
Monthly credit card payments always seem reasonable until you look at how many months you’ll be paying off the debt. In this real-world math activity, students select from a menu of loan amounts and repayment choices. They then figure out the amount of interest they’ll owe on their debt, the amount of time necessary to pay it back, and the types of information requested on credit card applications.
Education Levels:
7, 8, 9
Subject:
Applied Mathematics, Economics
Resource Type:
Activity
Fee Status:
Free
Online provider:
Google Docs

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