The Real Cost Of Credit
|Catalog #: 022-04-0021|
|Parent Exhibit: Moneyville|
|Description: How much will you pay if you buy an item that costs $1,000 using a credit card and make the minimum monthly payment? Find out by watching a ball whiz up a clear vertical air chute to indicate the total amount paid, including interest. Compare the consequences of different payment rate choices by placing your hand over the base of three other tubes and watching the balls form a graph in the air. Learn why paying “the minimum” can add a surprising amount to the original cost.|
|Approximate Component Dimensions: H 107 inches | W 35 inches | D 30 inches|
Power Required: Yes
Powered From: Floor
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