Interest – A Detailed Explanation

Description

his lesson teaches your kids what the two sides of interest are and how to make good choices when it comes to buying using credit.

This lesson builds on the debt lesson and covers the true cost of debt-interest payments. Details included in the lesson show how the borrower and the lender are affected by interest and how time affects how much interest you pay. Students learn to be conscious of high-interest-rate credit and how to minimize the amount of interest paid by understanding how to control the time lapse between when credit is used and when it is paid back.