Walking through the front door, you check the mail and finally see it...THE BILL.
"What! $6,000 for freakin Coke & Mentos! Seriously!?" you begin to shriek. "I don't have that kind of cash!" It says they're running one of those 'Special Promotions.' You don't have to make any payments for '1 Full Year.' But they charge you 27% APR, compounded daily. You do some quick math and learn that after 1 year (with no payments) you'll owe back approximately....?
[ FOUNDATIONAL TOOL: Compound Interest ---> We covered "Compound Interest." But if you need a refresher, click: The Power of Compound Interest (Economics Pt 1 of 2) ]