Personal Finance – 1/10/17

I.  Bellwork

A.  iLearn 16.1 on Vocabulary

II.  Objectives:

  • Compute compound interest using a spreadsheet
  • Apply the Rule of 72 to compute how money can be doubled.
  • Explain how compound interest is computed

III.  Discussion:   Explanation of Compound Interest & Rule of 72

·      A.    Investopedia Video: Compound Interest Explained

·       B.   Compound-Interest-Calculator

·       C.   The Rule of 72

IV.  Notebook

  • Flow chart – Compound interest
  • Flow Chart – Rule of 72

V.  Classwork


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