Differentiate between credit and debt. 8.2.3

Links verified 11/12/2016

1. The Cost of Carrying A Credit Card Balance - How much in interest charges does a credit card balance accumulate over the years? [This expired link is available through the Wayback Machine Internet Archive. If the page doesn't load quickly click on Impatient? at the bottom right of the page.]
2. Debt Through the Ages - History's highway paved with IOUs [This expired link is available through the Wayback Machine Internet Archive. If the page doesn't load quickly click on Impatient? at the bottom right of the page.]
3. Differentiate between good debt and bad debt [This expired link is available through the Wayback Machine Internet Archive. If the page doesn't load quickly click on Impatient? at the bottom right of the page.]
4. I want a credit card--or do I? - Credit cards seem like a great way to pay for things. It only takes a small payment each month to buy whatever your heart desires. You can charge $1000.00 for the paltry sum of $25.00 per month. But, will you still be paying when the thrill is gone? [This expired link is available through the Wayback Machine Internet Archive. If the page doesn't load quickly click on Impatient? at the bottom right of the page.]
   1. Card Calculator - enter balance, rate, and minimum payment to calculate how long it will take to pay off the bill (a useful tool to accompany the lesson above)
   2. Credit Card Payoff Calculator - useful with the credit card lesson
   3. How Credit Card Companies Calculate Interest - also useful with the credit card lesson
5. Q T Pi Fashions - Learning About Credit Card Use - from EconEdLink [This expired link is available through the Wayback Machine Internet Archive. If the page doesn't load quickly click on Impatient? at the bottom right of the page.]
6. Significant Figures Calculator - one of many calculators available from Omni Calculator
   1. Mortgage - a generic mortgage calculator
   2. Lease - determine the monthly and total payments for a lease
   3. Compound Interest - teaches and often underestimated power of compound interest
   4. Investment - estimate how much profit an investment will yield in the future. .
   5. Rule of 72 - teaches the Rule of 72 - a handy trick to estimate the time it takes for something to double

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