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Math Forum » Discussions » Online Projects » Financial Education Discussion

Topic: Financial Categories
Replies: 16   Last Post: Jul 21, 2010 9:26 AM

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Thunstrom, Tom

Posts: 1
Registered: 7/8/10
Re: Financial Categories
Posted: Jul 21, 2010 9:26 AM
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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?

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