Make the connection between money and exponential equations. Pupils continue financial lessons as they learn about compound interest in savings accounts. They extend the investigation of savings by looking at annuities, and then calculate factors with loans and credit cards.

Concepts

credit, credit cards, loans, saving money, savings accounts, exponential equations, logarithms

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Additional Tags

math

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Instructional Ideas

• Have class members develop spreadsheets to show how compound interest builds a savings account and how loan payments pay off loans

Classroom Considerations

• Requires knowledge of logarithms to solve exponential equations

Pros

• Includes answer documents
• Contains links to additional resources

Cons

• None

Common Core

MP5 MP6 HSA-SSE.B.4 HSA-CED.A.4 HSF-BF.B.5