**Time:** Approximately 45 minutes**Materials:**
Pencil, paper, scientific
calculator, and computers with internet access.

**Prerequisites:** This RWLO is recommended for students who
have some basic understanding of simple and compound interest.
They should also have an understanding of the payment formula.

**Implementation:** This
RWLO can be done outside of class as homework or as an in-class
project. Students may discuss their procedures with other
students, each student should go through each step and perform
his/her own calculations.

**Steps:**

- Review payment formula with students.

- Distribute Project Outline.
If this is done completely
as an in-class assignment, students will need to have access
to the internet. It is recommended that the assignment be
done in two parts.

- Distribute
Project Worksheet.

- Assign Due Date. (Students should complete the project
worksheet as an independent assignment.)

- Collect project package.