Personal Finance – 5/17/17

I.   Bellwork

  • Provide two reasons why someone would use credit.
  • List at least 3 examples of things people buy on credit.

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

  • Tree Maps: Advantages &  Disadvantages of Credit
  • Flow chart – Compound interest
  • Flow Chart – Rule of 72

V.   Classwork

 

  • Compound Interest Activity on Google Classroom

 

 


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