EDPUZZLE: Loan Basics  
Perhaps you’ve casually lent or borrowed money from a friend before. But more formal loan arrangements from a financial institution come with far more terms you must understand in order to get a fair deal. Watch this video and answer the questions.

INFOGRAPHIC: What’s My Net Worth?
Many people think that being wealthy means you have a lot of stuff; however, it turns out that what you own is only part of the equation for determining your net worth. Review the infographic on your worksheet to see how wealth or net worth (often used as synonyms) is calculated. Then answer the questions.

LEARNING TARGETS:

• I can identify the major types of credit and their characteristics.
• I can understand the three basic components of lines of credit: principal, interest rate, and term.
• I can define net worth and how it is calculated.