NewHomeRA15


 * ** Item ** || ** Description ** || ** Item Value ** || ** Luxury **
 * Necessity ** || ** Online Source ** ||
 * Bed Frame || TARVA company made of wood || $79 || Necessity || __ http://www.ikea.com/us/en/catalog/products/70261268/ __ ||
 * Mattress || MOSHULT company firm, made of foam, single || $67 || Necessity || __ http://www.ikea.com/us/en/catalog/products/80272351/ __ ||
 * Oven || DATID company self cleaning oven || $749 || Necessity || __ http://www.ikea.com/us/en/catalog/products/90222214/ __ ||
 * Refrigerator || KYLIG 18 company refrigerator/freezer || $749.00 || Necessity || [] ||
 * Dishwasher || LAGAN company integrated dishwasher || $299.00 || Necessity || http://www.ikea.com/us/en/catalog/products/80254875/ ||
 * Washing Machine || PANDA small compact washing machine || $200.00 || Necessity || http://www.amazon.com/Panda-Compact-Portable-Washing-Capacity/dp/B00AW04ZMM/ref=sr_1_2?ie=UTF8&qid=1422468810&sr=8-2&keywords=washing+machine ||
 * Dryer || AVANTI 110-Volt automatic dryer || $310.00 || Necessity || http://www.amazon.com/Avanti-D110-1IS-110-Volt-Automatic-Dryer/dp/B005R597HA/ref=sr_1_2?ie=UTF8&qid=1422468915&sr=8-2&keywords=clothes+dryer ||
 * XBOX One w/ 2 video games || MICROSOFT Bundle including the video games //Assassin's Creed IV// and //Assassin's Creed Unity// || $349.00 || Luxury || http://www.amazon.com/Xbox-One-Assassins-Creed-Unity-Bundle/dp/B00NFXON1Q/ref=sr_1_2?ie=UTF8&qid=1422469138&sr=8-2&keywords=xbox+one+used ||
 * Television || LG Electronics 42-inch 1080p 60Hz LED TV || $319.00 || Luxury || http://www.amazon.com/LG-Electronics-42LB5600-42-Inch-1080p/dp/B00KVLT0A4/ref=sr_1_3?ie=UTF8&qid=1422469301&sr=8-3&keywords=40+inch+plasma+tv ||
 * Desktop Computer || HP Desktop 4GB RAM 500GB HDD || $140.00 || Luxury || http://www.amazon.com/HP-110-430-Desktop-Intel-Celeron/dp/B00NG0TGQK/ref=sr_1_1?ie=UTF8&qid=1422469757&sr=8-1&keywords=desktop+computer+Windows+8 ||
 * Desktop Monitor || HP monitor LED || $100.00 || Luxury || http://www.amazon.com/Dell-19-5-Inch-Screen-LED-Lit-Monitor/dp/B00NWEAFQ0/ref=pd_sim_pc_3?ie=UTF8&refRID=1ZNN9VN1XYP1PTTATC4Q ||
 * Microwave || Danby 0.7 cu ft Countertop Microwave, White || $55.00 || Necessity || http://www.amazon.com/Danby-cu-ft-Countertop-Microwave-White/dp/B0052G14E8/ref=sr_1_3?s=kitchen&ie=UTF8&qid=1422987247&sr=1-3&keywords=microwave ||
 * Sofa || Collins Premier Sofa || $1,369.00 || Necessity || http://www.la-z-boy.com/Product/5767-1132/Collins-Living-Room-Sofa/ ||
 * Dishes || CORELLE LIVINGWARE 16 pc dinnerware set Classic Cafe black || $43.00 || Necessity || http://www.amazon.com/Corelle-Livingware-Dinnerware-Service-Classic/dp/B0000DDU2S/ref=sr_1_1?s=kitchen&ie=UTF8&qid=1423073734&sr=1-1&keywords=dishes ||
 * Salt Lamp || WBM Himalayan Light Natural Air Purifying Salt Lamp, 8 inches || $20.00 || Luxury || http://www.amazon.com/WBM-Himalayan-Natural-Purifying-1002/dp/B001892AX2/ref=sr_1_1?s=home-garden&ie=UTF8&qid=1423074129&sr=1-1&keywords=lamp ||
 * Rug || FADFAY Super Soft Floor Rug || $19.50 || Luxury || http://www.amazon.com/FADFAY-Carpet-Living-carpet-customized/dp/B00ET08Z7C/ref=sr_1_2?s=home-garden&ie=UTF8&qid=1423074268&sr=1-2&keywords=rug ||
 * Recliner || Lancer Reclina-Way Recliner || $800.00 || Luxury || http://www.la-z-boy.com/Product/4926-9198/Lancer-Rocker-Recliner/ ||
 * Computer Desk || Comfort Products 50-1001 Stanton Computer Desk With Pullout keyboard tray || $50.58 || Luxury || http://www.amazon.com/Comfort-Products-50-1001-Computer-Keyboard/dp/B008QUYFE8/ref=sr_1_2?ie=UTF8&qid=1423074745&sr=8-2&keywords=computer+desk ||
 * iPad || Apple iPad Air 2 MH182LL/A (64GB, WiFi, Gold) Newest Version || $591.00 || Luxury || http://www.amazon.com/Apple-MH182LL-Wi-Fi-NEWEST-VERSION/dp/B00OTWPEBK/ref=sr_1_4?s=pc&ie=UTF8&qid=1423074961&sr=1-4&keywords=iPad ||
 * iPad Case || Fintie iPad Air 2 Case - 360 Degree Rotating Stand Case with Smart Cover Auto Sleep / Wake Feature for Apple iPad Air 2 (iPad 6) 2014 Model, Black || $16.00 || Luxury || http://www.amazon.com/Fintie-iPad-Air-Case-Rotating/dp/B00OR6T842/ref=sr_1_2?s=electronics&ie=UTF8&qid=1423075188&sr=1-2&keywords=iPad+Air+2+case ||

=Questions:=
 * 1) **Why do people use credit cards?**
 * 2) =What are advantages and disadvantages of credit cards?=
 * 3) =What do the following terms mean? credit card, principal, APR, simple interest, monthly payments=
 * 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?=
 * 5) =What is the most important idea you have learned from this lesson?=


 * Answers:**
 * 1) To make quick purchases without having to paying anything up front.
 * 2) The advantage of a credit card is that you don't have to worry about the money in your bank account. The disadvantage is that you have to pay that money later, and there may be compound interest added to the sum.
 * 3) Credit card is a card that lets you purchase items, whilst putting the money into a charge account, in which you have to pay later. The principal is the base amount you owe a credit card company. Simple interest is the interest payable on the principal, not compounded on the total. APR, the annual percentage rate, is the annual rate of interest you have to pay. Monthly payments are payments that you have to pay every month.
 * 4) It can affect your overall financial situation because you could end up in massive debt.
 * 5) Do not use a credit card unless you absolutely have to.