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

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Presentation on theme: "THE COSTS AND METHODS OF OBTAINING CREDIT PG 162-168 NAME, TEACHER AND DATE."— Presentation transcript:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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


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