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Should You Take The Loan?

Grade Level Grades 9-12
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This handout is a variation on an activity I made about students being a bank and deciding to loan to people. In this activity, students use the simple interest formula (I=PRT) to figure out the monthly loan payments for three loans (student, auto, mortgage) and then decide if their salary as a computer programmer is enough to make these monthly payments and take the loan. Good for seniors who are in a personal finance class. 

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