For my stock project, I compared General Mills (GIS) to White Wave (WWAV). Through out the process of comparing the two, I realized when comparing stocks you have to chose to compare two like stocks. Even though they both are companies that produce food, General Mills has been around much longer than White Wave and is much more established. Because of this, White Wave had a significant percentage higher of debt but much more growth than General Mills.
Before taking Financial Literacy, I did not know anything about cars. Throughout this semester I have learned how to buy as quality car without the high price tag. First of all I learned that by buying a used car the depreciation has already been taken out of the car causing the cost to be lower. This could also cause your warranty. I also learned about special packages such as technology and how they increase the price.
Comparison Shopping Project Summary
Fit Bit display in a store
We also calculated the cost of credit and I leaned that the longer your loan is, the more you end up paying. This means that you will be paying significantly more for a 48 month loan than a 12 month loan. I also learned ways to decrease your interest rate is paying it off quicker and putting down a down payment.
The dollar cost of credit = (monthly payments) x (number of payments) + (down payment) - (cash price)