Purchase+Spreadsheet+ICS16ELK


 * ** How would **
 * You Spend $10,000 Dollars ** ||
 * ||  |||| Total Spent ||
 * ||  |||| ** $6,538.24 ** ||
 * ** Item ** || ** Description ** || ** Item Value ** || ** Luxury **
 * Necessity ** ||
 * Queen Bed || 3 pc queen mocha brown bed || $199.99 || Necessity ||
 * Television || 50” 1080p || $379.99 || Luxury ||
 * dresser || 3 drawer || $114.99 || Luxury ||
 * Refrigerator || 18 cu ft || $479.99 || Necessity ||
 * Washing Machine || White 3.3 cu ft || $359.99 || Necessity ||
 * Sofa || Gray || $444.00 || Luxury ||
 * Mirror || Metal and silver || $469.00 || Luxury ||
 * Dining table || 3 pc brown || $244.00 || Necessity ||
 * Monitor || Windows 21.5 in || $399.00 || Luxury ||
 * Storage shelf || wall mounted and black || $136.11 || Luxury ||
 * Blinds || Interior window shutters || $289.00 || Luxury ||
 * Chandelier || Crystal 25 in || $295.47 || Luxury ||
 * Throw pillow || Luminescence || $362.72 || Luxury ||
 * Dryer || White 2 cu feet || $449.00 || Necessity ||
 * Ceiling fan || 19th century || $872.03 || Luxury ||
 * Rug || Watercolor || $254.99 || Luxury ||
 * coffee maker || glass carafe || $149.00 || Luxury ||
 * Bar stool || Set of 3, red and silver || $638.97 || Luxury ||


 * 1) ====Why do people use credit cards? To purchase items now and pay for them later.====
 * 2) ====What are advantages and disadvantages of credit cards? Some Advantages are to allow you to spend lots of money at once. A Disadvantage is that it supports and encourages impulse spending. You will be in debt.====
 * 3) ====What do the following terms mean? Credit card, principal, APR, simple interest, monthly payments====
 * 4) Credit Card- a card issued to a person that allows them to borrow money for purchases
 * 5) Principal- The amount borrowed or the amount still owed on a loan.
 * 6) APR- Annual percentage rate of interest.
 * 7) Simple interest-interest that is paid all at one time
 * 8) monthly payments- Payments you make for something every month.
 * 9) ====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? That can help my future by making me aware of how i can ruin my credit score and use too much money.====
 * 10) ====What is the most important idea you have learned from this lesson? That credit cards are not just free money and interest is very expensive.====