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Ch 18: MEGA Marketing: Interest & Purchases

About This Chapter

Learn about interest and purchases in preparation for the MEGA Marketing exam. Short, engaging video lessons and self-assessment quizzes provide all the information you need to prepare for your exam.

MEGA Marketing: Interest and Purchases- Chapter Summary

The lessons in this chapter cover topics relating to interest and purchases, including index numbers in statistics, credit terms, and installment purchases. Also reviewed are deferred payment, markup and markdown, and effective annual rate. By the end of this chapter, you should be familiar with:

  • Index numbers in statistics
  • Credit terms: due date, invoice date and EOM
  • Installment purchases
  • Deferred payment vs. cash price
  • Percentage increase and decrease
  • Promissory note

Knowledgeable instructors introduce you to each concept through short, engaging video lessons. You can review specific sections of the video lessons using the jump feature under the Timeline tab. Self-assessment quizzes test your understanding and retention of the material.

Interest and Purchases - Chapter Objectives

Passing the Missouri Educator Gateway Assessments (MEGA) Marketing exam is one of the requirements for certification as a marketing teacher in the state. The exam's 100 multiple-choice questions measure competency in various subject areas of marketing. Questions on topics covered in the Interest and Purchases chapter are part of the exam's section on core marketing principles section, which makes up around 36% of the entire exam's content.

8 Lessons in Chapter 18: MEGA Marketing: Interest & Purchases
Test your knowledge with a 30-question chapter practice test
Index Numbers in Statistics: Uses & Examples

1. Index Numbers in Statistics: Uses & Examples

Watch this video lesson to learn what index numbers are. Learn how useful this statistical number is in the real world. You will also see some index numbers that we use and probably hear every day.

Credit Terms: Due Date, Invoice Date & EOM

2. Credit Terms: Due Date, Invoice Date & EOM

After watching this video lesson, you will understand some of the key terms that companies use on the invoices that they send to you. Learn how to pay your invoices according to these terms so you aren't late.

Installment Purchases: Payment & Terms

3. Installment Purchases: Payment & Terms

After watching this video lesson, you will know how installment purchases work. Learn how you can calculate the amount of your fixed installment payment.

Deferred Payment vs. Cash Price: Calculation & Interest

4. Deferred Payment vs. Cash Price: Calculation & Interest

Watch this video lesson to learn the difference between paying cash up front for an item versus making payments at a later time for an item. Watch and see how you may end up paying more for an item if you pay later.

Markup & Markdown: Calculation & Examples

5. Markup & Markdown: Calculation & Examples

After watching this video lesson, you will become familiar with how stores price their products to make a profit. Learn about how they increase their prices, markup, and how they decrease their prices, markdown.

Effective Annual Rate: Formula & Calculations

6. Effective Annual Rate: Formula & Calculations

After watching this video lesson, you will understand how the interest rate that financial institutions, such as credit card companies, give you work. Also, learn how this interest rate may be different than the one you actually end up with.

Percentage Increase and Decrease: Calculation and Examples

7. Percentage Increase and Decrease: Calculation and Examples

After watching this video lesson, you will be able to calculate the percentage increase and decrease of changes that happen over time. You will also learn what you need in order to make your calculations.

Promissory Note: Terms & Calculations

8. Promissory Note: Terms & Calculations

Watch this video lesson, and you will learn how some promissory notes, such as mortgages, can be sold and why they are sold. Learn about the terms or conditions that go into such a note and how money is made with these notes.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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