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