Micro-Enterprise / Entrepreneurship / Business Cost of Credit Exercises

Micro-Enterprise / Entrepreneurship / Business Cost of Credit Exercises
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In these exercises, students will computate the cost of credit in order to determine how much they will pay for credit. The exercises include interest computation of bank loans, credit cards, and online loans. The purpose of the exercises is to demonstrate that bank loans have the lowest interest, and therefore the lowest cost of credit. Credit cards and online loans have the highest cost of credit. This is a great resource for Micro-Enterprise'Entrepreneur/Business classes.
Total Pages
1 page
Answer Key
N/A
Teaching Duration
1 hour
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