NewHome+ICS16DO2

=**Questions:**= >> principal - most important Why is it? What is it? >
 * ** Item ** || ** Description ** || ** Item Value ** || ** Luxury **
 * Necessity ** ||
 * 46" TV || Sony Bravida 46" LCD TV || 1399 || Luxury ||
 * MOBA Mouse || Razer Naga Hex || 79.99 || Luxury ||
 * Gaming Computer || Computer for Gaming || 2549.99 || Luxury ||
 * 5 Piece Bedroom || Gardenia Black 5 Pc Queen Platform Bedroom || 750 || Luxury ||
 * Sofa || Cindy Crawford Home Bellingham Cardinal Sofa || 588 || Luxury ||
 * Lamp || Lamp || 99.99 || Luxury ||
 * Toaster || Domo Toaster || 30.48 || Luxury ||
 * Domo || Domo Charm Figures || 0.52 || Luxury ||
 * Silverware || Mainstays Whitney 20-Piece Flatware Set || 12.97 || Luxury ||
 * Towels || JCPenney Home™ Solid Bath Towels || 4.99 || Luxury ||
 * Refrigerator || Kenmore 50023 25 cu. ft. Side-by-Side Refrigerator - Stainless Steel || 849.99 || Luxury ||
 * Robot Vaccum || BISSELL SmartClean Lithium Ion Robotic Vacuum, Up to 80-Minute Run Time, 1605 || 199 || Luxury ||
 * Table || International Concepts Ramer Solid Wood Top Dining Table with Turned Legs || 144.62 || Luxury ||
 * Dishes || Pfaltzgraff® Trellis White 16-Piece Dinnerware Se || 32.99 || Luxury ||
 * 1) =Why do people use credit cards? - People use credit cards because they need to pay for something that they want to pay for later.=
 * 2) =What are advantages and disadvantages of credit cards? - An advantage of using credit cards is so that you can use it whenever you want to or when you do not have enough money to pay for it on your debit card. A disadvantage for using a credit card is if you use a credit card too much, then you can go deep into debt, and it is very hard to get out because if you take longer to pay then interest is added.=
 * 3) =What do the following terms mean? credit card, principal, APR, simple interest, monthly payments=
 * 4) credit card - a small plastic card that is used to buy things that you agree to pay for later
 * 1) APR - (annual percentage rate) is the annual rate that is charged for borrowing (or made by investing), expressed as a single percentage number that represents the actual yearly cost of funds over the term of a loan (this includes any fees or additional costs associated with the transaction).
 * 2) simple interest - interest paid only on the original amount of money and not on the interest it has already earned
 * 3) monthly payments - the amount borrower is required to pay each month until a debt is paid off
 * 4) =How can understanding the math calculations for the principal, APR, simple and compound interest, and monthly payments of credit card debt affect your overall financial situation in the future? - Understanding the math calculations for the principal, APR, simple and compound interest, and monthly payments of credit card debt affect you overall financial situation in the future because since you know all of this, then you have an advantage in the future because you actually know what and how to do things.=
 * 5) =What is the most important idea you have learned from this lesson? - An important lesson that I have learned from this is that if you strategically manage your money correctly, then you will have a very big advantage over the average person.=