Rules for Game – Round 1
1. Each player begins with a $1,000 purchase.
2. Roll the die and find out your payment.
3. Calculate the interest for the month.
4. Whatever is left of the payment after the interest is paid goes to the principal. Calculate the principal paid.
5. Calculate the balance.
The next person rolls the die.
Die Roll / Monthly Payment1 /
Pay $1,000
2 / Pay $4003 / Pay $200
4 / Pay $100
5 / Pay $20 (minimum)
6 / Get 1 missed payment and roll again
Each player gets 6 turns.
If a player reaches a balance of $0, they make another $1,000 purchase.
Rules for Game – Round 2
1. Each player begins with a $1,000 purchase.
2. Roll the die and find out which credit card and interest rate you will have.
Die Roll /Credit Card
/ Interest Rate1 /
A
/ 4%/yr., .33%/m. (x .0033)2 /
B
/ 10%/yr., .83%/m.(x .0083)3 /
C
/ 18%/yr., 1.5%/m. (x .015)4 /
D
/ 24%/yr., 2%/m. (x .02)5 /
E
/ 28%/yr., 2.33%/m. (x .0233)6 /
F
/ 36%/yr., 3%/m. (x .03)3. Roll the die and find out your payment.
4. Calculate the interest for the month.
5. Whatever is left of the payment after the interest is paid goes to the principal. Calculate the principal paid.
6. Calculate the balance.
The next person rolls the die.
Die Roll / Monthly Payment1 /
Pay $1,000
2 / Pay $4003 / Pay $200
4 / Pay $100
5 / Pay $36 (minimum)
6 / Get 1 missed payment and roll again
Each player gets 6 turns.
If a player reaches a balance of $0, they make another $1,000 purchase.
Rules for Game – Round 1
- Each player begins with a $1,000 purchase.
- Roll the die and find out your payment.
- Calculate the interest for the month.
- Whatever is left of the payment after the interest is paid goes to the principal. Calculate the principal paid.
- Calculate the balance.
The next person rolls the die.
Die Roll / Monthly Payment1 /
Pay $1,000
2 / Pay $4003 / Pay $200
4 / Pay $100
5 / Pay $20 (minimum)
6 / Get 1 missed payment and roll again
Each player gets 6 turns.
If a player reaches a balance of $0, they make another $1,000 purchase.
Rules for Game – Round 2
- Each player begins with a $1,000 purchase.
- Roll the die and find out which credit card and interest rate you will have.
Die Roll /
Credit Card
/ Interest Rate1 /
A
/ 4%/yr., .33%m.2 /
B
/ 10%/yr., .83%m.3 /
C
/ 18%/yr., 1.5%/m.4 /
D
/ 24%/yr., 2%/m.5 /
E
/ 28%/yr., 2.33%/m.6 /
F
/ 36%/yr., 3%/m.- Roll the die and find out your payment.
- Calculate the interest for the month.
- Whatever is left of the payment after the interest is paid goes to the principal. Calculate the principal paid.
- Calculate the balance.
The next person rolls the die.
Die Roll / Monthly Payment1 /
Pay $1,000
2 / Pay $4003 / Pay $200
4 / Pay $100
5 / Pay $36 (minimum)
6 / Get 1 missed payment and roll again