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Greenlight for Classroom - Credit: Interest and different types of lenders

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Students will learn that interest rates and fees for borrowing money can vary depending on several factors, including the type of credit and lender. They will understand:

  • How to compare the annual percentage rate (APR)
  • How to compare APRs and understand the total cost of borrowing
  • How higher interest rates and longer loan terms affect the total cost of a loan