- renting, leasing, and buying
- credit
- compound interest
- investment portfolios.
[C, CN, ME, PS, R, T]
| (a) |
Compare the advantages and disadvantages of simple interest and compound interest. |
| (b) |
Identify and describe situations that involve compound interest. |
| (c) |
Graph and compare the total interest paid or earned over different compounding periods for the same annual interest rate, principal, and time. |
| (d) |
Develop, generalize, explain, and apply strategies for determining the total interest to be paid on a loan given the principal, interest rate, and number of compounding periods for the loan. |
| (e) |
Determine, using technology, the total cost of a loan under a variety of conditions (e.g., different amortization periods, interest rates, compounding periods, and terms). |
| (f) |
Solve contextual problems that involve compound interest. |
| (g) |
Analyze, using technology, different credit options that involve compound interest, including bank and store credit cards and special promotions, and provide justifications for the credit option. |
| (h) |
Identify and describe examples of assets that appreciate or depreciate relevant to one's self, family, and community. |
| (i) |
Compare renting, leasing, and buying of large cost items and generate reasons for considering each choice. |
| (j) |
Solve situational questions related to the costs of renting, leasing, and buying (including questions that require formula manipulation). |
| (k) |
Solve, using technology, situational questions that involve cost-and-benefit analysis. |
| (l) |
Analyze the strengths and weaknesses of two or more investment portfolios, and make recommendations for selection based upon this analysis. |
| (m) |
Determine, using technology, the total value of an investment when there are regular contributions to the principal. |
| (n) |
Graph and compare the total value of an investment with and without regular contributions. |
| (o) |
Apply the Rule of 72 to solve investment problems and explain the limitations of the rule. |
| (p) |
Investigate and report possible investment strategies that could be used to achieve a financial goal. |
| (q) |
Compare the advantages and disadvantages of long-term and short-term investment options. |
| (r) |
Investigate and compare small investments over a long term and larger investments over a shorter term. |
