Date: Jul 21, 2010 9:26 AM
Author: Thunstrom, Tom
Subject: Re: Financial Categories

I would include in the whole discussion of credit an analysis or some type of activity where kids (teens) are asked to figure out the cost of borrowing $100,000 over 30 years.  One person has good credit and pay 6% and the other has poor credit and pays 8%...all other factors being equal (home size, income...) what is the difference between the two on a monthly basis and over 30 years?