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.
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)