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
- Compound Interest Activity
- 16.1.2 Rule of 72 and Compounding Interest on iLearn
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