Today we watched the second part of the documentary, "The Ascent of Money" Here is the link if you missed class: http://www.youtube.com/watch?v=Iy4fHxaiJk4 On Thursday (Feb 6th) We will look at how interest is calculated, and how a simple credit card can bring a person to financial Armageddon if they aren't careful. Here is an excel sheet that shows how credit card interest works |
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