Have students guess the purchase price of each car. Afterwards, reveal the true purchase prices, to see how close were their guesses. Show students how to calculate interest for one year at a given interest rate. Students work some simple interest problems independently presented on worksheet. Discussion of multiyear loans.
Students write a buying guide for the two cars based on the rubric.
Gives 3 of the 4 descriptors. Gives 1 or 2 of the 4 descriptors. Gives none of the 4 descriptors. Gives 3 of the 4 loan descriptors. Gives 1 or 2 of the 4 loan descriptors.