## Video Links 11-2

**Videos:**

Annual Percentage Rate – legal definition (time: 0:59)

https://www.youtube.com/watch?v=Y2iYzJ6Jl0k

Installment Loans and Credit Scores (time: 2:36)

… See the whole entry

**Videos:**

Annual Percentage Rate – legal definition (time: 0:59)

https://www.youtube.com/watch?v=Y2iYzJ6Jl0k

Installment Loans and Credit Scores (time: 2:36)

… See the whole entry

These sites will help you review and price a new car:

http://www.edmunds.com/

Kelley Blue Book:

http://www.kbb.com/

How to Manage your Credit Cards:

http://www.learner.org/exhibits/dailymath/creditcards.html… See the whole entry

There are many sources of sites related to the material of this chapter. Here are a few of the better ones. Compound interest calculator:

http://www.moneychimp.com/calculator/compound_interest_calculator.htm

This calculator uses continuous compounding:

http://www.moneychimp.com/articles/finworks/continuous_compounding.htm

Calculator and graphs for various financial situations:

http://www.moneychimp.com/index.html

“How … See the whole entry

- Terminology
- types of installments
- closed-end loan
- open- end loan

- ways of calculating interest
- add-on interest
- amortization

- types of installments
- . Add-on interest
- installment loan formulas
- buying a car

- Annual percentage rate (APR)
- APR formula
- compare 0% financing with APR

- . Open-end