Make your money work for you. Future economists learn how to apply sigma notation and how to calculate the sum of a finite geometric series. The skill is essential in determining the future value of a structured savings plan with recurring payments.

Concepts

geometric series, series, finance, personal finance, financial literacy, sigma notation

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Additional Tags

math

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Instructional Ideas

• Team up with a business teacher for the lesson
• Have the class research different banking options in the area

Classroom Considerations

• Teacher guide suggests splitting the lesson over two days

Pros

• Introduces adolescents to important financial instruments, such as annuities
• Includes problem set with both purely mathematical problems (practice using sigma notation) and real-world financial problems

Cons

• None

Common Core

HSA-SSE.B.4 HSF-BF.A.2 MP2 MP4 MP7 MP8