Please enable JavaScript.
Coggle requires JavaScript to display documents.
Practical Math/Consumer Math (Credit Cards (Finance Charge (Interest Paid…
Practical Math/Consumer Math
Banking
Accounts
Checking
Bad Budget/spending
Bounced Checks
Insufficient
Returned
Overdraft
Negative balence
Outstanding Checks
Outstanding Deposits
Register
Banks
Statements
Monthly
Record
Transactions
Credit Cards
Finance Charge
Interest Paid each month
Unpaid balance * periodic rate
Periodic Rate
APR% / 12
New Balance
Unpaid Balance + new transactions + finance charge
APR
Annual Percentage Rate
Interest charged for unpaid $100 of charges at the end of the year
Unpaid Balance
Left over from previous month
Last month's balnce - amount paid
Balance
How much you owe
Housing
Buying
Appreciation
Increase in value over time
P = V * (1+r)^Y
Mortgages
Loan from bank
Maximum mortgage
Mortgage </= 2 * gross annual income
No more than twice your gross annual income
Renting
Move-in costs
First month's rent + last month's rent + security deposit + miscellaneous fees
Maximum monthly rent
Monthly rent </= 0.28 * gross monthly income
No more than 28% of gross monthly income
Loans
Total Payment = Down Payment + Monthly Payment * # of months
Interest = Total Payment - $ borrowed
Down Payment
Price * % Down
$ Borrowed
Price - Down Payment
Interest Paid = Total payment - item cost
Monthly payment (assuming 0% Interest)
(item cost - down payment) / 12
Installments
Total Payment
Monthly payment * # of months
Finance charge
Total Payment - price
Cars
Auto Loans
Depreciation
Predicting future value
P = V(1 - r)^Y
Auto insurance
Liability
Collision
Comprehensive