See all 9th-12th Grades Standards
Borrowing

Borrowing

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Here's how Borrowing aligns with curriculum standards in Mississippi. Use the filters to change the location, set of standards, and grade level.

Mississippi Personal Finance Standards (2022)

7: Using Credit

7.1: Investigate credit and the effects one's credit score has on financial decisions. DOK1

Standards
Defined by Personal Finance 9th-12th Grades and align with Borrowing
a: Discuss the advantages and disadvantages of using credit.

7.2: Research, discuss, and apply principles about loans. DOK2

Standards
Defined by Personal Finance 9th-12th Grades and align with Borrowing
a: Define interest as a cost of credit and explain why it is charged.
b: Explain how the amount of principal, the period of the loan, and the interest rate affect the amount of interest charged.
c: Calculate a payment schedule for a loan.
d: Evaluate various loan scenarios to discern the best option available (e.g., APR, cash back).