Finance Classes at El Centro

Our older students continued discussion re Finances. We covered budgeting and compound interest again and talked about loans and the difference it makes when the finance rate is high. We also covered the 3 C’s of Credit: Character (reliability to pay – payment history), Capital (collateral), and Capacity (ability to pay ie employment). Then we ate pizza!

Nueve de nuestros estudiantes mas grandecitos discutieron el tema de Finanzas. Repasamos el presupuesto y el interes compuesto. Discutimos los prestamos y la diferencia que la tasa porcental annual (APR) alta causa.Tambien hablamos sobre la 3 C’s del Credito: Caracter (como hemos pagado deudas en el pasado – historial), Capital (garantia o ahorros), y Capacidad (capacidad actual o futura de pagar – empleo). Despues de la presentacion comimos pizza!

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