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 * ** How would **
 * You Spend $10,000 Dollars ** ||
 * ||  |||| Total Spent ||
 * ||  |||| ** $10,000.00 ** ||
 * ** Item ** || ** Description ** || ** Item Value ** || ** Luxury **
 * Necessity ** ||
 * TV || 20 inch LED TV || $65 || Luxry ||
 * Ipod Nano || Ipod Video Nano with 8 GB memour || $149 || Luxry ||
 * DVD player || Blue ray dvd player || $70 || Luxury ||
 * Xbox One || Xbox One Video Game Console || $263.00 || Luxory ||
 * Refridgorator || 3.4 inch white refrigerator || $90.00 || Necessity ||
 * Sofa || queen black sofa || $49.99 || Luxory ||
 * Iphone 7 Plus || Iphone 7 Plus Jetblack || 32.08 || Necessity ||
 * Chair || 2 Wooden Chairs || 59.99 || Luxory ||
 * Dinning Table || Wooden Dining Table || 119 || Necessity ||
 * Washer/Dryer || Washer and Dryer Set || 240 || Necessity ||
 * Wifi || Google Wifi || 129 || Necessity ||
 * Bed frame || Metal gray bed frame || 81.91 || Luxory ||
 * Mattress || Firm Mattress Twin size || 89.99 || Necessity ||
 * Microwave || Stainless steel microwave || 109.99 || Necessity ||
 * Oven || Black electric oven || 195.23 || Necessity ||
 * Stove || Whirlpool white stove || 300 || Necessity ||
 * Rug || hand woven rag rug || 32.42 || Luxory ||
 * Dinning Utensils || 240 silverware utensils || 30.99 || Necessity ||
 * Glass cups || 17ounce cups x4 || 60 || Necessity ||
 * Towels || Gray bath towels || 34.99 || Necessity ||
 * Painting || Picasso painting femme au balcon || 7500 || Luxory ||
 * Ceiling Fan || Brown ceiling fan with lamp || 279 || Luxory ||
 * Chair || yellow chair || 18 || Luxory ||
 * Cup holder || large cup holders || 0.43 || Necessity ||
 * Rack || dow wire display rack || 0.01 || Luxory ||

If I pay $346 a month I would have about paid the $10000 with %1.25 APR monthly.
 * || APR=15% || Compound Interest ||  ||
 * Principal || %/Month || Amount Due || Payment ||
 * $10,000 || 1.25% || $10,125 || $346 ||
 * $9,779 || 1.25% || $9,901 || $346 ||
 * $9,555 || 1.25% || $9,675 || $346 ||
 * $9,329 || 1.25% || $9,445 || $346 ||
 * $9,099 || 1.25% || $9,213 || $346 ||
 * $8,867 || 1.25% || $8,978 || $346 ||
 * $8,632 || 1.25% || $8,740 || $346 ||
 * $8,394 || 1.25% || $8,499 || $346 ||
 * $8,153 || 1.25% || $8,255 || $346 ||
 * $7,909 || 1.25% || $8,007 || $346 ||
 * $7,661 || 1.25% || $7,757 || $346 ||
 * $7,411 || 1.25% || $7,504 || $346 ||
 * $7,158 || 1.25% || $7,247 || $346 ||
 * $6,901 || 1.25% || $6,988 || $346 ||
 * $6,642 || 1.25% || $6,725 || $346 ||
 * $6,379 || 1.25% || $6,458 || $346 ||
 * $6,112 || 1.25% || $6,189 || $346 ||
 * $5,843 || 1.25% || $5,916 || $346 ||
 * $5,570 || 1.25% || $5,639 || $346 ||
 * $5,293 || 1.25% || $5,360 || $346 ||
 * $5,014 || 1.25% || $5,076 || $346 ||
 * $4,730 || 1.25% || $4,789 || $346 ||
 * $4,443 || 1.25% || $4,499 || $346 ||
 * $4,153 || 1.25% || $4,205 || $346 ||
 * $3,859 || 1.25% || $3,907 || $346 ||
 * $3,561 || 1.25% || $3,606 || $346 ||
 * $3,260 || 1.25% || $3,300 || $346 ||
 * $2,954 || 1.25% || $2,991 || $346 ||
 * $2,645 || 1.25% || $2,678 || $346 ||
 * $2,332 || 1.25% || $2,361 || $346 ||
 * $2,015 || 1.25% || $2,041 || $346 ||
 * $1,695 || 1.25% || $1,716 || $346 ||
 * $1,370 || 1.25% || $1,387 || $346 ||
 * $1,041 || 1.25% || $1,054 || $346 ||
 * $708 || 1.25% || $717 || $346 ||
 * $371 || 1.25% || $375 || $346 ||
 * $29 || 1.25% || $30 || $346 ||

False because you have to pay more interest.
 * Making only the minimum monthly payment will get you out of debt quicker? True or False. Justify your answer with examples.

False, the lower the rate equals the less you have to pay.
 * The higher the interest rate, means you will pay less interest in the long run? True or False. Justify your answer with examples.

True because you will pay less interest
 * Paying down on the principal will get your out of debt faster? True or False. Justify your answer with examples.

True to pay less interest.
 * You should pay off your credit card bill every month? True or False. Justify your answer with examples.

credit card pros and cons

 * Pros **
 * Buy now pay later
 * Buy big items without having full amount
 * Rewards
 * Tracking


 * Cons**
 * Fees
 * Interest
 * May could not buy big items because of bad credit rating
 * Co-Signer
 * Convenience
 * Acceptance
 * Access

debit card pros and cons
**Pros**
 * No interest
 * Widely accepted
 * Easier
 * Fast
 * Good tracking
 * Convenience
 * Cons**
 * Fees
 * Fraud
 * No improvement of credit history
 * Rare rewards

public college- a university that is paid by the public
private college- a university that sets its own goals and policies and is privately funded

> To make big purchases and buy now pay later. > Advantages can be rewards, tracking, buy now pay later. Disadvantages can be fees, interest, accessibility. > > It can help you understand how much money you can spend. > Pay quicker and larger amounts on credit cards.
 * 1) Why do people use credit cards?
 * 1) What are advantages and disadvantages of credit cards?
 * 1) What do the following terms mean? credit card, principal, APR, simple interest, compound interest, monthly payments
 * Credit card- a card that allows people to make purchases without have full amount
 * Principal- base payment
 * APR- annual percentage rate
 * Simple Interest- money you earn by initially investing some money
 * Compound Interest- interest calculated on principal and accumulated interest
 * Monthly Payments- payments you make 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?
 * 1) What is the most important idea you have learned from this lesson?