Business

  
Professional - Technical

Timberlake

High School

Courses

Instructors:  Kelly Amos

Jodi Nelson

Introduction to Business

 

Back to February

 

Date: March 29, 2007
Topic: Financing
Objective: Students will be introduced to Financing concepts

 

Entry Task

 

This week's entry task will have you working in Microtype for the first 10 minutes of class.  You must complete the following lessons:

 

Keyboarding Skillbuilder Lesson M & N

 

Instruction: - Discussed in Class

 

 

 

Assignments - Assignment List

 

Part I

.

SIMPLE INTEREST CALCULATION TABLE:

 

Complete the rest of the table.  Interest if 12% and payments are monthly.

 

Payment Number

Payment Amount

Principle  Portion

Interest Portion

Balance

 

 

 

 

$1,000.00

One

$150.00

$140.00

$10.00

$   860.00

Two

$150.00

$141.40

$  8.60

$   718.60

Three

$150.00

$142.81

$  7.19

$   575.79

Four

        

Five

        

Six

        

Seven

        

 

Part II

 

Financing Calculator

 

Students need to go online and find 3 different cars for sale at the following price levels.  The total price needs to be below the price level.  There is 6% sales tax and there is $120 in fees.  The current interest rate is 9% and the term is 60 months.  Figure payments with a 12% down payment.  Show your work.  The website, the cars make and model must be included.

 

$25,000

$15,000

$6,000
 
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