Ellie's Going to the Bank (CTE)

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Ellie will learn banking terms and how to calculate a payment as she learns about making her money grow and borrowing money for her new business.

Introduction

Students will learn how to calculate interest charged on their loan using a formula and through automatic on-line calculators. This loan calculation process and the knowledge of basic banking terms will be a good beginning for any budding entrepreneur.

Materials - You will need the internet (for on-line calculators) and a lightweight, nerf type ball for throwing. Copy your "Learn the Lingo" cards and cut into sets (enough for your class in groups of 4)

Lesson Times

1 Class Period
50 Minutes

Industries / Subjects / Grades

Industries / Pathways
  • Business and Finance Business and Finance
    • Financial Services

Standards and Objectives

Standards

California's 2013 CTE Standards (1)

Related Instructional Objectives (SWBAT...)

  • Explain banking and lending terms to begin to be able to make good borrowing decisions.
  • Calculate interest for a loan for a business.

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