14
Theme 4 Lesson 14:
All About Interest

To compare the cost of different loans, students must understand finance charges and interest rates. In this lesson, the students learn how to compute finance charges, how to differentiate between add-on and annual percentage rates, and how the annual percentage rate and loan repayment period affect the cost of a loan.

Visuals & Activities

Concepts

  • Annual Percentage Rate (APR)
  • Finance Charge
  • Interest
  • Interest Rate

Standards in Economics and Personal Finance

View the standards that correlate to this lesson:

Related Lessons

Reviews

Have you used this lesson? Please submit a review.

REVIEW LESSON