How to Adult Ch1

Ch1 - Interest
VOCABULARY & KEY POINTS

the cost of borrowing money





процентная ставка

​

interest

the interest on a loan or deposit over time

проценты, начисляемые с течением времени

​

compound interest

Fill in the Blank

"_____ is the backbone of personal finance." (p.2)

Categorize

Options (4)

High interest rates hurt your finances.

You pay back more money than you borrowed.

Compound interest helps you make more money.

You can earn money with no effort by saving it in a bank or investing it.

What is awful about interest?

What is incredible about interest?

AWFUL (bad)

INCREDIBLE (good)

Drag and Drop

It's a ​

Placeholder

idea to make ​

Placeholder

monthly payments on a loan because you will pay much more interest over time.

Drag these tiles and drop them in the correct blank above

bad

good

small

large

Drag and Drop

It's a ​

Placeholder

idea to make ​

Placeholder

monthly payments on a loan because you will pay much less interest over time.

Drag these tiles and drop them in the correct blank above

bad

good

small

large

Drag and Drop

When you borrow money, you need to pay back ​

Placeholder

than the original amount because of interest.

Drag these tiles and drop them in the correct blank above

more

less

the first payment, usually for a large purchase like a car or house

первоначальный взнос

​

down payment

to borrow or fund



финансировать

​

to finance

the original amount of money loaned



сумма основного долга

​

principal

the amount of interest you will be charges in a year



сумма основного долга

​

annual percentage rate (APR)

as you make payments and lower your principal, more money goes toward interest
По мере того как вы делаете больше платежей и уменьшаете сумму основного долга, все больше денег идет на погашение основного долга и все меньше - на выплату процентов.

​

amortization

Match

Match each vocabulary term with its definition.

• down payment

• to finance

• principal

• annual percentage rate (APR)

• amortization

the first payment, usually for a large p

to borrow or fund

the original amount of money loaned

the amount of interest you will be charg

as you make payments and lower your prin

• the first payment, usually for a large p

• to borrow or fund

• the original amount of money loaned

• the amount of interest you will be charg

• as you make payments and lower your prin