#1Thinking about Kevin O’Leary’s explanation of compound interest, what are your thoughts on the following: https://www.cnbc.com/2019/02/11/how-compound-interest-works-and-how-it-can-help-you-save-money.html
#2Large purchases can be difficult on a limited budget for many families. Often families turn to credit cards and personal loans to finance their debt.
Credit cards are known to carry quite large APR’s 18.99%-26.99%, while personal loans can be a little more generous at 4.99%-15.99%, depending on your credit score. However, some credit cards carry useful benefits such as 0% introductory APR or deferred interest for store-specific credit cards (examples: Best-Buy, Home-Depot, etc).
Research a few credit cards that provide 0% introductory APR and some that carry deferred interest.
Why might carrying a large balance on a credit card be a bad idea? How much do you think you could save with a 0% APR card When might you want to use a deferred interest card instead? What are some of the drawbacks of a deferred interest credit card?
#3Permutations and combinations are often tricky to differentiate from each other. First, define the two terms in your own words. Then determine whether each of the following is a permutation or combination. With each example, you should have two sentences explaining why.
#4Have you ever watched Let’s Make a Deal? One of the games is based on a famous problem in probability. The game goes like this:
Which option do you pick? How does this relate to conditional probability?
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