Module MCM.2.2: Interest & Fees

Standard: EPF.MCM.2.2

Objective: Explain how interest and fees affect financial decisions.

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Lesson Overview

• Define interest (simple, compound) and fees
• Analyze how they impact savings and loans
• Discuss strategies to minimize fees

Teacher Notes

• Use real account statements
• Relate to students' savings/checking accounts
• Discuss credit card interest

Activities

• Interest calculation activity
• Fee comparison worksheet
• Guest speaker: Financial advisor

Assessment

• Quiz on interest and fees
• Written plan to minimize fees

Resources

• NC DPI EPF Standards
• Interest calculators