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Home > Curriculum > Dollars and Sense > Dollars and Sense II
CLE Curriculum: Dollars and Sense Simulations
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From Dollars and Sense: Our Interest in Interest
Introduces the basics of how credit
card interest charges work. Relatively high interest
charges (e.g., 12 – 25% annual rates, with higher rates for
first-time student users) are assessed monthly on unpaid
balances AND credit card companies encourage minimum
or partial payments. In this lesson students will experience
how the costs of credit card borrowing can quickly
escalate, sometimes beyond their control! |
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