I.  Bellwork: You have $300 in your checking. Your paycheck is $500. You deposit your paycheck  but take out $50 in cash. What is your balance? – show your work II.  Objectives: Content OBJ: post checks and deposits to a checking account and keep a running balance Lang OBJ: explain how to post checks and […]

I.  Bellwork: List the 3 types of check endorsements and explain when each should be used. II.  Objectives: Content OBJ:, properly complete checks when given a transaction and record them on a check register Lang OBJ: Explain the process of writing checks by creating a flow chart III.  Copy Figure 9.2 in your notebook: A. […]

I.  Bellwork: A.  Show your work Determine the maturity value $6000 at a rate of 3.5 % for 2 years. Determine the maturity value $3000 at a rate of 2 % for 6 months II.  Objective: Describe the purpose of a checking account and its associated forms. Recognize and explain the purpose of check endorsements […]

I.  Bellwork: A.  Show your work. Round to the penny What is the maturity value of 7% on $3,500 for 20 days using a 360-day year? What is the maturity value on $15,000 for 1 year and 4 months at 8% interest? II.  Objectives: Calculate simple interest and maturity value using the simple interest and […]

I.  Bellwork: A. Show your work Robert earned $300 interest on a 6 month with a 12% interest rate. What was the principle he invested? Gustavo invested $5000 and earned $250 interest for 90 days. Using a 360 day year, what was the interest rate? Jamil invested $4000 and earned $800 at an interest rate […]

I.  Bellwork: A.  Show your work What is the interest at 7% on $3,500 for 20 days using a 360-day year? What is the interest at 7% on $3,500 for 3 years and 3 months? II.  Objectives: Content OBJ: calculate simple interest using the simple interest formula Lang OBJ: explain how to calculate simple interest […]

I.  Bellwork – What is the interest on $15,000 for 1 year and 4 months at 8% interest? Identify the : Principle Rate Time Interest II.  Objectives: Content OBJ: calculate simple interest by identifying its components, converting numbers and using the simple interest formula Lang OBJ: explain how to calculate simple interest by identifying its […]

I.  Bellwork A.  Convert the times given below to years. Round to the third decimal place, if necessary. 50 weeks 8 months 1 year and 1 month 70 days based upon 360 day year 55 days based upon a 365 day year II.  Objectives: Content OBJ: calculate simple interest by converting time and using the […]

I.  Bellwork – The SEV on a house is $85,000 and is assessed at 42.031 mils. What is the property tax? Show your Work II.  Objectives: Content OBJ: determine time (t) which is used to calculate simple interest Lang OBJ: explain how to determine time (t) when represent in months and days to calculate simple […]

I.  Bellwork – You  buy $ 147.89 worth of clothing.  You have a 20% off coupon and sales tax is 6%.  Show your work What is the amount of discount? What is the sales tax? What is the final price? II.  Objectives: Content OBJ: calculate property tax given the state equalized values and millage rate […]