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Do Now 1) What does APR stand for? 2) What is the cost of credit?

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Presentation on theme: "Do Now 1) What does APR stand for? 2) What is the cost of credit?"— Presentation transcript:

1 Do Now 1) What does APR stand for? 2) What is the cost of credit?

2 Reminders News Article Analysis due THURSDAY!

3 9.7- Credit Card Statement Credit Card Statement- monthly record of what you have spent each month It shows payments, your new balance, finance charges, APR, interest paid, minimum payment, and next due payment due date.

4 Independent Practice Use the sample credit card statement to answer the questions.

5 Reminders News Article Analysis due THURSDAY!

6 Exit Ticket 1) Why is a credit card statement useful? 2) What is the hardest part of analyzing a credit card statement?

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