Buying/Comparing Interest Rates

Shopping on "Credit"

After completing our spreadsheet unit, which included formulas that enabled you to calculate and compare interest rates, respond to the following topics on this blog.

1. What are at least three things that affect the total amount of money that you will pay back on a loan?
   
2. Explain how the PMT formula helps you compare costs--be specific.
   
3. How does your "credit rating" affects the cost of your loan? What types of things will affect your credit rating?

After you answer these questions, type your first and last name initial and class period at the bottom (Posts are recorded by your email address and I may not recognize these!!) Be SURE you write down and remember your passwords for this blog. Posted by Linda Mack at 2:15 PM