Single Payment Loans
Presentation
•
Mathematics
•
6th - 10th Grade
•
Practice Problem
•
Medium
Standards-aligned
LeAnn McGarity
Used 4+ times
FREE Resource
12 Slides • 9 Questions
1
2
3
Multiple Choice
What is another name for a single payment loan?
Balloon loan
Kite loan
Bubble loan
Float loan
4
5
Multiple Choice
How often do you make payments on a single payment loan?
Every month
Every week
Only once at the end
Twice a year
6
7
Multiple Choice
Single payment loans are usually for:
Very long times
Short times
10 years
30 years
8
9
Multiple Choice
Which is NOT an advantage of a single payment loan?
Quick access to money
No monthly payments
Low interest rates
Flexible money management
10
11
Multiple Choice
What's a risk of single payment loans?
a) They're too easy to pay back
b) The interest is always zero
c) You might not be able to pay the big amount at the end
d) They take too long to get approved
They're too easy to pay back
The interest is always zero
They take too long to get approved
You might not be able to pay the big amount at the end
12
13
Multiple Choice
What do you need to show the lender to get a single payment loan?
Your favorite color
Your pet's name
Proof of your income
Your shoe size
14
Multiple Choice
Which of these is NOT something a lender looks at for a single payment loan?
Your job
Your income
Your age
Your favorite TV show
15
16
Multiple Choice
What's an alternative to a single payment loan?
A magic money tree
An installment loan
A piggy bank
A lemonade stand
17
18
19
20
Open Ended
Do you think that single payment loans are a good idea?
Explain why or why not.
21
Show answer
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