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Time Value of Money

Students pretend their sibling owes them money and they decide whether to have the money in one lump sum or over time charging interest. They calculate the difference in the two types of payments. They discuss why banks charge interest on the money we borrow and practice calculating different amounts at different interest rates and time periods.

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Resource Details

Grade
6th - 12th
Subjects
Economics & Business
1 more...
Resource Type
Lesson Plans
Instructional Strategies
Skills Practice
1 more...