Individual Research Projects Section 11.2

Project 11.5

Karen says that she has heard something about APR rates but doesn’t really know what the term means. Wayne says he thinks it has something to do with the prime rate, but he isn’t sure what. Write a short paper explaining APR to Karen and Wayne.

Project 11.6

Some savings and loan companies advertise that they pay interest continuously. Do some research to explain what this means.

Project 11.7

Select a car of your choice, find the list price, and calculate 5% and 10% price offers. Check out available money sources in your community, and prepare a report showing the different costs for the same car. Back up your figures with data.