1. DWU#1 What is your interest rate on your credit cards in class?
What is the difference between a high and a low interest rate?
What is a minimum payment and why is it important to pay the card off as fast as you can?

2. DWU #
If you were in the market for some Snoop Dogg concert tickets and there were only 20,000 tickets supplied but 80,000 people wanted to go, what would result?
Market Equilibrium P=60 Q=50,000
Graph it…
Shortage/Surplus?
What would happen to price?
How can this situation lead someone to EBAY or craigslist? `

3. DWU #3 What is the interest rate calculation?
What is a? What is p? What is r? and t?
Why is it better to pay as much off per month than to pay less monthly?
Calculate Bartz’s car loan.
Loan – 36,000
Interest rate – 5.75%
6 years
Answer the following:
What is his monthly car payment?
How much total will he pay for 6 years?
How much will the bank make of him over the 6` years? (total interest charges)

4. DWU # 4 What does it mean if an individual is unemployed?
Why might a person be unemployed?
What problems does this cause for him/herself?
What problem does this cause for our communities and our economy?
Do you have a job? If not, why?