During this activity, students will explore the expected cost of college and also look at methods of saving money for the future. Comparing simple and compound interest will help students make decisions about their future. Students will compare two plans that address what happens over time with compound interest and what impact it makes on the total amount saved by starting early.

Concepts

compound interest, simple interest

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Additional Tags

math today for ti-navigator system - college costs surge, ti, texas instruments

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Classroom Considerations

• Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)