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Grade 9-12
,
Activity

Car Loan Calculator

Time: 20 mins,
Updated: September 14 2021,
Author: Council for Economic Education
Teacher Version
Objective Standards Summary Resources Procedure
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Objective

Students will be able to:

  • Compare differences in interest rates.

Standards

National Standards in Economics

National Standards in Financial Literacy

State Standards

In this personal finance activity, students use a car loan calculator to compare interest rates.

Resources

Procedure

This is an individual activity where students will compare the amount of interest paid on car loans at different interest rates. To complete this activity, students need to follow the directions below:

  1. Go to the BankRate.com Car Loan Calculator.
  2. Complete the Quizizz activity or ReadyAssessments Activity
  3. You can also complete the questions with the Car Loan Calculator Worksheet and answers
Subjects:
Personal Finance,Economics