Consumer Math LIFEPAC 6: Consumer Lending

In Lifepac's Consumer Mathematics Unit 6 introducesstudents to different types of loans, types of interest rates, how to calculate portion of repayment going to interest, and additional repayment considerations. Students also learn about different types of mortgage loans, associated interest rate variables, and tools to calculate portion of repayment going to interest and principal over time. Students also learn about financial aid for education as well as private student loans for education, exploring the differences between financial aid that must be repaid and grants and scholarships. Lastly students compare costs associated with renting and buying. Softcover. Grades 11-12.

Unit 6: Consumer Lending

• Overview of loans
• Repaying loans
• Quiz
• Mortgage loans
• Understanding mortgage payments
• Quiz
• Other types of loans
• Financial aid for education
• Quiz
• Renting vs. buying
• Quiz
• Unit Test