In calculus we are learning about interest, and boy oh boy is it 'interest'ing! This topic is quite helpful to the upcoming college freshmen in the class, because there will be opportunities to get loans and credit cards as a college student. Now do some research and find
•a typical/average interest rate on a student loan
or
•an extremely high or low interest rate for a credit card
Good luck, I'm excited to see your findings!
http://m.creditcards.com/credit-cards/discover-more-card-silver this website had a very great offer!! Interesting topic!
ReplyDeleteI found that the average public loan rate according to finaid.org is between 7.9% and 8.5% but a private loan can have up to 12% interest. According to mail online, britain had a credit card this christmas with an APR of 227% and claimed it was "easier shopping"! Sheesh.
ReplyDeleteThrough this website link: http://www.simpletuition.com/student_loans_home, you can find the best student loans for you, as well as compare them (plus you can sort by rate!). When I entered my information, with a request for a $5,000 loan, the lowest rate I could get was 2.38 and the highest was 3.40
ReplyDeleteI found a credit card company that was defending its extremely high credit card interest rate at 79.9%. Here is its link. http://www.creditcards.com/credit-card-news/first-premier-79-rate-fees-credit-card-1265.php
ReplyDeleteI found that the average rate of interest on a private student loan is now around 9.5-10%
ReplyDeleteAccording to www.creditcards.com, the average national credit card interest rate is 14.78%. They Also have a lot of other interesting stats.
ReplyDeleteAccording to Studentloan.com, the average interest on a student loan is 7.9%.
ReplyDeleteAccording to https://www.salliemae.com/landing/dp/?dtd_cell=SEMGOLNRGSL006497&002=2200491&004=1209690082&005=1512442396&006=10156338562&007=Search&008= average rates are 3.29%-9.48%!
ReplyDelete