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What high school student wants to buy a car? The best part is watching the expressions on students faces when they realize how much interest they will pay for the initial loan!
This activity takes between 30 minutes to 1 hour. If you choose it can involve outside research by the students on their favorite vehicle. You can also provide some basic options in class. It involves exponential calculations for the interest rate. You can very the rate, the loan time, and the initial amount.