Basic Math Standard V, Consumer Applications
Lesson 560, Credit Purchases
Identifying the principal, interest rate, and time
Calculating interest
Calculating installment payment of purchase with simple interest
Calculating total of payments
Calculating down payment
Calculating amount to be financed given base price, down payment, and amount of taxes/fees
Calculating total cost given amount of payment, time, down payment, taxes, and fees
Defining compound interest
Defining APR
Comparing cash to credit purchases
Calculating average daily balance