New+Home+PC215

Open your student_purchases spreadsheet in Open Office. Select the cells with data. use Ctrl C to copy the data. On your NewHome wiki page. paste the data (Ctrl V). Save the page. (Do not worry if you have not spent $10,000 or have not bought 21 items.) (See sample page)

You Spend $10,000 Dollars ||||  ||
 * How would
 * ||  |||| Total Spent |||| Total Remaining: ||
 * ||  |||| $8,460.00 |||| $1,540.00 ||
 * ** Item ** || ** Description ** || ** Item Value ** || ** Luxuries or **
 * Necessities ** || ** Online Source ** ||  ||
 * 60” Television || 60” LED TV || $750.00 || luxury || https://www.google.com/shopping/product/13671023482202627814?q=60+inch+TV&safe=strict&espv=2&biw=1309&bih=714&bav=on.2,or.r_qf.&bvm=bv.84349003,d.cWc&ion=1&tch=1&ech=1&psi=vdXHVIbmNIPfsATW34LIAg.1422382526929.5&ei=xNXHVIuyMcPksATZt4DADA&ved=0CLYEEKYrMAA ||  ||
 * Refrigerator || stainless steel || $218.00 || necessity || http://www.sears.com/kenmore-3.1-cu-ft-compact-refrigerator-stainless/p-04699763000P?prdNo=22&blockNo=22&blockType=G22 ||  ||
 * couch || White, leather Sofa || $637.00 || luxury || [] ||  ||
 * stove || white gas stove || $386.00 || necessity || http://www.lowes.com/pd_360409-2251-FFGF3011LW_0__?productId=3410490&Ntt=stove&pl=1&currentURL=%3FNtt%3Dstove&facetInfo=__ ||  ||
 * bed || bolton brown queen bed || $141.00 || necessity || https://www.google.com/shopping/product/1835794832203671310?safe=strict&biw=1309&bih=714&sclient=psy-ab&q=inexpensive+bed&oq=inexpensive+bed&pbx=1&bav=on.2,or.r_qf.&bvm=bv.84349003,d.cWc&ion=1&espv=2&tch=1&ech=1&psi=p9jHVNq0JLiRsQSb_oLwBw.1422383272707.7&prds=paur:ClkAsKraX6H4LJHqK8ieblSEo-R9MH5anGfNosbhc5nQ6us1Tm4w-seKwnxJEvjIn7bd1HyMlduY3dploNtJXW3JiZTaP2bEZdmOWz-doNeVA_L-s-uLWngaRhIZAFPVH73lEnH67egqyAOYxiWZQxU2JHwg7g&ei=ytjHVOa_E-LHsQTj6oHYCg&ved=0CLQEEKkrMBg ||  ||
 * chair || white chair || $89.99 || luxury || https://www.google.com/shopping/product/2131248697881582043?safe=strict&biw=1309&bih=714&output=search&q=white+chair&oq=white+chair&prds=paur:ClkAsKraX3BWdoPUolCKpCuf2hyoX0NeYYLWTT6ofEJG1q1tyFOQ6_yKiezG1ceHWNeFraotqA1fAdHDqWzfwmqgh2r_Asu2DyfEwxcVg55rmaOVf8wL1UB-hxIZAFPVH70Fl9eXbiuTvH1-xGgnrDZkhZt5Yw&ei=V9jHVOrhMvj9sASSgYG4Bg&ved=0CK8CEKkrMAk ||  ||
 * microwave || stainless steel || $249.00 || necessity || http://www.lowes.com/pd_166196-46-WMH31017AS_0?productId=3734793&Ntt=stove&pl=1¤tURL=%3FNtt%3Dstove&facetInfo= ||  ||
 * dining room set || white table and chairs || $361.00 || necessity || https://www.google.com/shopping/product/17631937012884954560?safe=strict&biw=1309&bih=714&output=search&q=white+dining+room+set&oq=white+dining+room+set&prds=paur:ClkAsKraX8DN94FjzoL902LEX1NqspP-Md2_qHEkhb7djHbxZGotMba6WDgE0XgcqtvXZcZfMN9IElU5PhqVPV-gJLdB56sf6mYrolOjIbgJrJPC_gDiVjcfORIZAFPVH71HPGBFOgyjKFEqsOoQgSIqlrRuSw&ei=EtjHVOq-OLfPsQTQl4KYDA&ved=0CKYBEKkrMAE ||  ||
 * washer and dryer bundle || stainless washer\ dryer combo || $850.00 || necessity || http://www.worldwidevoltage.com/frigidaire-fkwf75ggaw3-washer---dryer-combo-220-240-volt--50-hz.html?utm_source=googleshopping&utm_medium=cse ||  ||
 * cups || clear glass set || $19.99 || necessity || [|http://www.target.com/p/riatta-glass-tumbler-set-of-16-clear/-/A-12939193#prodSlot=medium_1_12&term=cups] ||  ||
 * plates || white plate set || $19.99 || necessity || http://www.target.com/p/corelle-6-piece-dinner-plate-set-winter-frost-white/-/A-14551453#prodSlot=medium_1_1&term=plates ||  ||
 * dishwasher || white dish washer || $227.00 || necessity || http://www.searsoutlet.com/d/product_details.jsp?pid=93623&mode=buyUsedOnly&sid=IDx20110411x000008&ci_src=17588969&ci_sku=U99193623 ||  ||
 * bedding (sheet) set || white and yellow flower sheets || $110.00 || luxury || http://www.overstock.com/Bedding-Bath/Madison-Park-Brianna-7-piece-Comforter-Set/6319607/product.html?refccid=ANNNFLG3A3WL2I2M5ILRHDYFZ4&searchidx=12 ||  ||
 * pillow || green flower pillow || $36.00 || luxury || http://www.overstock.com/Home-Garden/Flower-Design-17-inch-Decorative-Throw-Pillow/7785583/product.html?refccid=CKOZGHDXJ45LG2CJLYL437HBOI&searchidx=76 ||  ||
 * desk || floating black desk || $155.00 || necessity || http://www.overstock.com/Home-Garden/Floating-Desk-with-Storage/7321981/product.html?refccid=Z2FOGQCRSNAJWQ2GAUVGEGL2MY&searchidx=0 ||  ||
 * nutribullet || blender || $129.99 || luxury || http://www1.macys.com/shop/product/nutribullet-nb91501-900-watt-professional-series-by-magic-bullet?ID=1133040&pla_country=US&CAGPSPN=pla&CAWELAID=120156340000014436&catargetid=120156340001372268&cadevice=c&cm_mmc=Google_PLA_Home_Electrics_PLA-_-Electrics_Catch+All+-+GS_Electrics+Catch+All-_-47928480436_-_-_mkwid_qY0l4jXl|dc_47928480436%7C-%7CqY0l4jXl ||  ||
 * wifi router || wifi || $184.99 || luxury || http://www.newegg.com/Product/Product.aspx?Item=N82E16833122581&nm_mc=KNC-GoogleAdwords-PC&cm_mmc=KNC-GoogleAdwords-PC-_-pla-_-Wireless+Routers-_-N82E16833122581&gclid=CLfClbXyyMMCFatj7AodNzUAUg&gclsrc=aw.ds ||  ||
 * bookshelf || black and white bookshelf || $123.00 || luxury || http://www.kohls.com/product/prd-637664/south-shore-5-shelf-bookcase.jsp ||  ||
 * dresser || white mirrored dresser || $332.90 || luxury || http://www.kohls.com/product/prd-c25740/sauder-shoal-creek-dresser-set.jsp ||  ||
 * patio || patio set (couch, table, chair) || $1,499.15 || luxury || http://www.homedepot.com/p/Hampton-Bay-Mill-Valley-4-Piece-Patio-Sectional-Set-with-Parchment-Cushions-143-002-4SECOLE/204390475?N=5yc1vZbx97 ||  ||
 * plunger || plunger rubber || $22.00 || necessity || http://www.bedbathandbeyond.com/store/product/oxo-good-grips-plunger/1011629075?mcid=PS_googlepla_nonbrand_bath_&adpos=1o1&creative=39230268109&device=c&matchtype=&network=g&gclid=CKaz5P_0yMMCFUwV7AodLGQACQ ||  ||
 * 3D printer || printer || $1,899.00 || luxury || https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=3D+printer&safe=strict&tbm=shop&spd=5232391250377669713 ||  ||
 * pillow || ice cream sandwich pillow || $19.00 || luxury || https://www.google.com/shopping/product/1301894114938253033?q=decor&safe=strict&espv=2&biw=1309&bih=714&bav=on.2,or.r_qf.&bvm=bv.85142067,d.cWc&ion=1&tch=1&ech=1&psi=pWTSVNWAGe7lsASYsoCgCA.1423074470340.5&prds=paur:ClkAsKraX7VdnOp5DunGrTCvJx0-dvIPNeZBS_-osC9STAzk9PZRaD0GyUeeh1F4P97Hqsnl1WxpZxBH2r8bAtWgLzqgaOKPnwQInK1dagcmufCPuG7___7JxRIZAFPVH73PQ_xkUe5b6M2GIke49jIJJ3ng2g&ei=qmTSVI6iMK7fsATiu4CwCg&ved=0CI0CEKkrMAg#sgro=o ||  ||

 On Khan Academy view: Introduction to Interest (simple and compound)  You will not be required to make calculations based on Khan Academy example. However,watch it to better understand the relationships of the principal (balance owed), the Average Percentage Rate (APR), the interest calculations, and the monthly payments. Note that although many of you were surprised at the relationship between the principal (balance owed) and monthly payments, the formula used for the calculations on the student_purchases spreadsheet was much simpler than the actual calculations a credit card company would use.

 Experiment with an online Calculator: Simple Interest Calculator Enter a principal value of $10,000. Enter an interest rate of 15%. Calculate for 5 years. Experiment with other values and percentages and years.

In pairs, discuss the following questions.The answers do not have to be written on the wiki page


 * 1) Making only the minimum monthly payment will get you out of debt quicker? True or False. Justify your answer with examples.
 * 2) The higher the interest rate, means you will pay less interest in the long run? True or False. Justify your answer with examples.
 * 3) Paying down on the principal will get your out of debt faster? True or False. Justify your answer with examples.
 * 4) You should pay off your credit card bill every month? True or False. Justify your answer with examples.

=Questions:=

>> What are advantages and disadvantages of credit cards? an advantage is to be able to buy things now, but pay later. a disadvantage is it allows for an impulse of spending =
 * 1) = Why do people use credit cards? to buy things now, but pay later =
 * 1) = What do the following terms mean? credit card- to buy now, pay later, principal- leader, APR- annual percentage rate, simple interest- a percentage of the principal is added to the principal, making the initial investment grow, monthly payments =
 * 2) = 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? =
 * 3) = What is the most important idea you have learned from this lesson? =