Unit 8 · 4 lessons
Financial Literacy
Inflation and the Consumer Price Index, needs and wants, appreciation and depreciation, simple and compound interest and the true cost of borrowing, and building a budget that still works when your income or rent changes.
- 45 practice questions
- 32 flashcards
Lessons
- 1Making Financial DecisionsMeasure inflation with the Consumer Price Index, adjust prices between years, sort needs from wants, and compare money options fairly by putting them on the same time period.11 questions
- 2Appreciation and DepreciationModel things that lose value (straight-line and percent depreciation) and things that gain value (appreciation), calculate values year by year or with a formula, and read the shapes of their graphs.11 questions
- 3Interest and the Cost of BorrowingCalculate simple and compound interest, see why compound interest pulls ahead over time, and measure how the interest rate, the time, the down payment and credit card habits change what a purchase really costs.12 questions
- 4Building and Adjusting a BudgetTurn hourly pay into monthly income, sort expenses into fixed, variable and savings, express each as a percent of income, and rebalance the plan when your hours, your rent or your goals change.11 questions