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Texas Essential Knowledge and Skills (TEKS)

Personal Financial Literacy

Grade: 8th Grade
Standard:

8.12.A

Description:

solve real-world problems comparing how interest rate and loan length affect the cost of credit;

Standard:

8.12.C

Description:

explain how small amounts of money invested regularly, including money saved for college and retirement, grow over time;

Standard:

8.12.D

Description:

calculate and compare simple interest and compound interest earnings;

Standard:

8.12.E*

Description:

identify and explain the advantages and disadvantages of different payment methods;

Standard:

8.12.F*

Description:

analyze situations to determine if they represent financially responsible decisions and identify the benefits of financial responsibility and the costs of financial irresponsibility; and

Standard:

8.12.G

Description:

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 to the total cost of attendance for at least the first year of college.

8th Grade Math - Personal Financial Literacy Lesson
 
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