List and Explain the Five Steps Involved in Teaching a Skill

question 13

Essay

List and explain the five steps involved in teaching a skill.

---

Definitions:

Compounded Monthly

Describes the frequency at which interest is calculated and added to the principal balance of an investment or loan each month.

Equal Payments

Regularly scheduled payments that are the same in amount over the term of the loan or investment.

Loan

A loan is a sum of money borrowed that is expected to be paid back with interest.

Compounded Monthly

Describes interest on an investment or loan that is calculated and added to the principal balance monthly, allowing for the interest to earn interest.