Access Point #: MA.912.F.3.In.e (Archived Access Point)


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Identify reasons for paying bills on time and the effects of late payments or nonpayment.

Clarifications:

Student identifies late fees or service cancellation when bills are not paid on time.

Number: MA.912.F.3.In.e Category: Independent
Date Adopted or Revised: 09/07 Standard: Loans and Financing : Become familiar with and describe the advantages and disadvantages of short-term purchases, long-term purchases, and mortgages.

Related Benchmarks

Name Description
MA.912.F.3.6: Calculate total cost of purchasing consumer durables over time given different down payments, financing options, and fees.



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