THE COSTS AND METHODS OF OBTAINING CREDIT PG 162-168 NAME, TEACHER AND DATE.

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Presentation transcript:

THE COSTS AND METHODS OF OBTAINING CREDIT PG NAME, TEACHER AND DATE

DEFINE EACH TERM NET INCOME ANNUAL PERCENTAGE RATE COLLATERAL NAME, TEACHER AND DATE

DEFINE EACH TERM SIMPLE INTEREST MINIMUM MONTHLY PAYMENT NAME, TEACHER AND DATE

CAN YOU AFFORD A LOAN? WHAT IS A LOAN? TYPE TEXT HERE NAME, TEACHER AND DATE

CAN YOU AFFORD A LOAN? DEBT PAYMENTS-TO-INCOME RATIO TYPE TEXT HERE NAME, TEACHER AND DATE

THE COST OF CREDIT THE FINANCIAL CHARGE AND ANNUAL PERCENTAGE RATE TYPE TEXT HERE NAME, TEACHER AND DATE

TACKLING THE TRADE-OFFS TERM VS. INTEREST COSTS TYPE TEXT HERE NAME, TEACHER AND DATE

TACKLING THE TRADE-OFFS LENDER RISK VS. INTEREST RATE TYPE TEXT HERE: NAME, TEACHER AND DATE

LENDER RISK VS. INTEREST RATE VARIABLE INTEREST RATE TYPE TEXT HERE: NAME, TEACHER AND DATE

LENDER RISK VS. INTEREST RATE A SECURED LOAN TYPE TEXT HERE: NAME, TEACHER AND DATE

LENDER RISK VS. INTEREST RATE UP-FRONT CASH TYPE TEXT HERE: NAME, TEACHER AND DATE

LENDER RISK VS. INTEREST RATE A SHORTER TERM TYPE TEXT HERE: NAME, TEACHER AND DATE

CALCULATING THE COST OF CREDIT SIMPLE INTEREST TYPE TEXT HERE: NAME, TEACHER AND DATE

CALCULATING THE COST OF CREDIT SIMPLE INTEREST ON THE DECLINING BALANCE TYPE TEXT HERE: NAME, TEACHER AND DATE

CALCULATING THE COST OF CREDIT ADD-ON INTEREST TYPE TEXT HERE: NAME, TEACHER AND DATE

CALCULATING THE COST OF CREDIT COST OF OPEN-END CREDIT TYPE TEXT HERE: NAME, TEACHER AND DATE

CALCULATING THE COST OF CREDIT COST OF CREDIT AND EXPECTED INFLATION TYPE TEXT HERE: NAME, TEACHER AND DATE

CALCULATING THE COST OF CREDIT THE MINIMUM MONTHLY PAYMENT TRAP TYPE TEXT HERE: NAME, TEACHER AND DATE