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STANDARDS

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US-FL

Math

Florida B.E.S.T. Math

High School: Financial Literacy: Describe the advantages and disadvantages of short-term and long-term purchases.

Compare simple, compound and continuously compounded interest over time.
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Solve real-world problems involving present value and future value of money
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Explain the relationship between simple interest and linear growth. Explain the relationship between compound interest and exponential growth and the relationship between continuously compounded interest and exponential growth.
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Compare the advantages and disadvantages of using cash versus personal financing options.
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Calculate the finance charges and total amount due on a bill using various forms of credit using estimation, spreadsheets and other technology.
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Compare the advantages and disadvantages of different types of student loans by manipulating a variety of variables and calculating the total cost using spreadsheets and other technology.
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Calculate using spreadsheets and other technology the total cost of purchasing consumer durables over time given different monthly payments, down payments, financing options and fees.
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Compare the advantages and disadvantages of different types of mortgage loans by manipulating a variety of variables and calculating fees and total cost using spreadsheets and other technology.
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Analyze credit scores qualitatively. Explain how short-term and long-term purchases, including deferred payments, may increase or decrease credit scores. Explain how credit scores influence buying power.
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Given a real-world scenario, establish a plan to pay off debt.
Given fixed costs, per item costs and selling price, determine the break-even point for sales volume.
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