Budgeting & Banking Math (Practical Math in Context) by Lucia McKay, Maggie Guscott

By Lucia McKay, Maggie Guscott

It is crucial for college kids to appreciate the significance of handling funds. This publication contains real-life occasions that educate the accountability of organizing funds and different vital banking talents. Grades 6-12.

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How many uses make buying a better deal than renting? The sticker price of a car is $17,499. You can lease it for $449 per month for two years. Then you have an option to buy it for $359 per month over three years. How much does this plan cost? What You Can Learn from This Unit When you complete this unit, you will have used mathematics to work problems related to rental budgeting. These problems are similar to those that may actually occur in your daily life. Budgeting & Banking 53 Unit 5 • Rental Budgeting Lesson 1 Example Houses & Apartments Chuy gets a job as building inspector working for the city.

These steps can help you answer questions such as these: You buy a keyboard for $455 and charge it on your credit card. 9% monthly interest on unpaid balances. After a first payment of $25, what do you owe? Your credit card offers frequent-flyer miles for an annual fee of $50. Your goal is a 20,000 mile ticket. You charge about $2,500 each year. How much will your ticket cost in annual fees alone? The closing date for one credit card is the 25th of the month. The closing date for another card is the 15th of the month.

He reads that it takes 20,000 miles to earn a free round-trip ticket anywhere in the United States. On average, Preston spends $2,500 in credit card charges per year. Write an expression to find the cost in annual fees alone to earn a round-trip ticket in the United States. Answer: _____________________________________ = $________ If you need to review, return to lesson 4 (page 47). 5. 50 balance to the credit card company. The closing date is the 16th of each month. Payments not received by that date will cause a late fee to be added to the account balance.

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