24 Debt Management
Learning goals:
- Define
debt in a broader context;
- Explain
the concept of debt management and its application in everyday life;
- Name
different types of loans;
- Explain
what is an interest and APR (Annual Percentage Rate);
- Understand
the difference between debit cards and credit cards.
- Explain
how credit cards work.
- Understand
the concept of a mortgage.
- Calculate
the loan monthly payment, total interest, and total payment.
Define
debt in a broader context;
In the Italian language:
In the Slovenian language:
In the Czech language: