StudentPurchasesICS16RUE


 * ** How would **
 * You Spend $10,000 Dollars ** ||
 * ||  |||| Total Spent ||
 * ||  |||| ** 9518.81 ** ||
 * ** Item ** || ** Description ** || ** Item Value ** || ** Luxury **
 * Necessity ** ||
 * Julian Toilet || Dual Flush Toilet || 289.95 || Necessity ||
 * Dimora Bed || Queen Sized Dimora White Bed || 349.99 || Necessity ||
 * Aventura Sectional Sofa || Aventura 4pc. Sectional Sofa || 899.96 || Necessity ||
 * Audra Cocktail Table || Audra Cocktail Table || 99.99 || Luxury ||
 * Terra Abstract Area Rug || Terra Abstrcact Area Rug || 119.99 || Luxury ||
 * Lake Tahoe Dining Table || Brown Rectangular Dining Table || 349.99 || Luxury ||
 * Factory IV Chandelier || Factory Style Chandelier || 299.99 || Luxury ||
 * Livorno Chair || Livorno Beige Leather || 649.99 || Necessity ||
 * Hummingbird Set of 2 art || Hummingbird Art || 99.99 || Luxury ||
 * Lake Tahoe Walnut Bench || Walnut Bench || 129.99 || Luxury ||
 * Xbox One Elite Bundle || 1 TB || 499 || Luxury ||
 * JCPenney Home Beaded 40-pc. Dinnerware Set || White || 79.99 || Necessity ||
 * Whirlpool Electric Stove || Stainless Steel || 649.99 || Necessity ||
 * Painting || Capital Building D.C. || 5000 || Necessity ||
 * 1) =Why do people use credit cards?=
 * To avoid having to carry around cash and to be able to pay for large things like a car so that they can pay it back later like a loan.
 * 1) =What are advantages and disadvantages of credit cards?=
 * Advantages
 * Allows you to pay large amounts of money as a loan
 * Allows you to avoid having to carry around lots of money
 * Disadvantages
 * Encourages impulse spending
 * Interest
 * Late Fees
 * 1) =What do the following terms mean? credit card, principal, APR, simple interest, monthly payments=
 * Credit Card
 * card that allows to buy now pay later
 * Principal
 * Amount one starts with
 * APR
 * Annual Percentage Rate
 * Simple Interest
 * Fees charged for loans
 * Monthly Payments
 * Payments made monthly
 * 1) =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?=
 * It can help you avoid debt and keep a good credit so that you can buy a car and a house.
 * 1) =What is the most important idea you have learned from this lesson?=
 * That you need to always make your monthly payments to avoid going into debt.