Building Wealth is a 12-week curriculum created by the Federal Reserve Bank of Dallas with the goal of teaching personal finance and improving financial literacy.
In week 12 Students will:
• Define term loans
• Distinguish between APR and finance charges.
• Analyze the effect of differing APR and loan length on monthly payments and total finance charges.
• Identify ways to reduce overall finance charges.
* Curriculum from dallasfed.org @budget2save