TEKS 111.28(b)(12)(E)
identify and explain the advantages and disadvantages of different payment methods;
Source: Texas Administrative Code §111.28 (Chapter 111) · Adopted 2012
Knowledge & Skills 111.28(b)(12)
Personal financial literacy
The student applies mathematical process standards to develop an economic way of thinking and problem solving useful in one's life as a knowledgeable consumer and investor. The student is expected to:
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Other expectations under 111.28(b)(12)
- TEKS 111.28(b)(12)(A) solve real-world problems comparing how interest rate and loan length affect the cost of credit;
- TEKS 111.28(b)(12)(B) calculate the total cost of repaying a loan, including credit cards and easy access loans, under various rates of interest and over different periods using an online calculator;
- TEKS 111.28(b)(12)(C) explain how small amounts of money invested regularly, including money saved for college and retirement, grow over time;
- TEKS 111.28(b)(12)(D) calculate and compare simple interest and compound interest earnings;
- TEKS 111.28(b)(12)(F) analyze situations to determine if they represent financially responsible decisions and identify the benefits of financial responsibility and the costs of financial irresponsibilit…
- TEKS 111.28(b)(12)(G) estimate the cost of a two-year and four-year college education, including family contribution, and devise a periodic savings plan for accumulating the money needed to contribute t…