Unpacked Content
Knowledge
Students know:
- how to calculate the cost of leasing a car.
- how to calculate the cost of an automobile loan.
- how to organize data on car purchases.
- how to compare and contrast the car purchase data.
Skills
Students are able to:
- Use the compound interest formula to calculate the cost of purchasing a car through a loan.
- Calculate the cost of a car when leased.
- organize car purchase data.
- Compare and contrast data to make an informed decision.
Understanding
Students understand that:
- there are different methods for purchasing a car. Each method has advantages and disadvantages for individuals.
Vocabulary
- Lease
- Principal
- Interest Rate
- Compounding Periods
