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Compare interest rate calculations and annual percentage rate calculations to distinguish between the two rates.
General Information
Subject Area: X-Mathematics (former standards - 2008)
Grade: 912
Body of Knowledge: Financial Literacy
Idea: Level 3: Strategic Thinking & Complex Reasoning
Standard: Loans and Financing - Become familiar with and describe the advantages and disadvantages of short-term purchases, long-term purchases, and mortgages.
Date Adopted or Revised: 09/07
Content Complexity Rating:
Level 3: Strategic Thinking & Complex Reasoning
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More Information
Date of Last Rating: 06/07
Status: State Board Approved - Archived
Related Courses
This benchmark is part of these courses.
1200500: Advanced Algebra with Financial Applications (Specifically in versions: 2014 - 2015 (course terminated))
Related Access Points
Alternate version of this benchmark for students with significant cognitive disabilities.
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