Buying a Car Financial Literacy Escape Room

An engaging financial literacy escape room activity for calculating the finance costs of buying a car. Students must unlock 6 locks by answering 24 car-buying questions about credit score, APR, interest, and principal. Questions are grouped 4 per puzzle, resulting in six 4-letter codes that will unlock all 6 locks. 

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Questions include:

• determine APR given a person's credit score
• given APR, calculate monthly interest rate
• define vocabulary related to buying a car
• given principal and APR, determine interest
• given principal, APR, and monthly car payment, calculate next month's interest
• given principal, APR and this month's car payment, calculate next month's interest and principal.

The entire activity is housed in one GOOGLE Form. There are no links to outside websites. The 4-letter codes are set with answer validation so that students cannot move to the next puzzle until they enter the correct code. Includes answer key.

To add the digital escape room to your Google Drive: please open the PDF and click the button on page 3.

A printable PDF version has also been added to the file. Students can work in groups, each group starting at a different puzzle. Once done, students check the NEXT STEP box for which puzzle to visit next.