Objective: Students will be
able to calculate loan payments using interest rates.
Even 0.5% interest makes a big difference in the amount you pay for a car or
home loan. Look through local newspapers to find loan rates from three loan
institutions. Then visit
www.bankrate.com/brm/popcalc2.asp?nav=calc_loan_payment&page=default to
calculate loan payments using the interest rates you've found in the newspaper
from the three loan institutions.