This week on NGPF's Math Monday, we'll take a look at how dangerous it can be to make only the minimum payments on your credit cards! Brush up your own math skills or use these resources with your students.

1. View the MATH Collection: In this activity, students will learn about the impact of compound interest on credit card balances. By comparing monthly interest costs and credit card balances they will see the downsides of making the minimum payments.  Check it out in MATH: The Cost of Minimum Payments.
2. Formula of the Day: Students can use the formulas below to calculate the monthly interest cost and credit card balances for 3 different characters. 

3. Watch the EdPuzzle Video: Your students can also watch this EdPuzzle video for an interactive introduction!

4. For Your Learning: Join Abby for Virtual PD on Wednesday 3pm PT as she reviews MATH Collection Skills: Equations and Beyond (Advanced). 

About the Author

Abby Alcala

After graduating with a statistics major at UC Davis, Abby set off to Massachusetts to teach algebra 1 and geometry and enjoyed working with the curious and creative minds of high school students. She is passionate about helping students recognize and develop their strengths and leadership skills. She was instrumental in taking the high school cheer team to regional competitions, as well as elevating school spirit and pride through creating unity amongst the study body and educators. Back in the Bay Area, Abby is excited to work with other educators to build and share content to enhance the teaching experience in applied math and finance.