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[DOCX File]Task: Interest Comparison
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6. A key component of the lesson is for students to understand that compounding interest represents exponential growth. 7. This question is designed to have students talk about why exponential growth grows so quickly, to compare the two interest rates, and to understand the longer you invest, the greater growth you will see in your savings account…
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[DOCX File]7.1 Investment Basics - Montgomery Township School District
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From the previous resources, you’ve seen that saving money in a bank account that earns less in interest (ex: 0.75%) than the economy experiences inflation (avg: 3%) leaves you with less spending power in the future. If you save $500 in a savings account …
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[DOC File]Savings, Loans, and Interest Rate
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Students will use the real life situations of saving money and repaying loans to learn the importance of interest rate and compound interest in consumer applications. The focus is for students to gain an understanding of how savings, interest, and time are related. There is a direct relationship between interest rates and savings …
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[DOC File]Savings - Nuffield Foundation
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The tables give the rates of interest for our three high growth savings accounts. (correct to 2 decimal places). The Annual Growth Account. Annual Amount £ AER % Gross % pa Net % pa 1 – 999 5.75 5.75 4.60 1000+ 5.95 5.95 4.76 Interest is earned each day and added to the account …
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[DOC File]Math of Finance - Highline College
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The payments were $250 and the fund earned interest at a rate of 5.6%. Bob then left the company and was allowed to “roll-over” his money in his retirement fund into a normal savings account. That savings account paid interest continuously at a rate of 6.2%. Bob chose not to make any additional payments into the savings account.
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[DOC File]Simple Savings to Investment Ratio (SIR) Comparison
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Simple Savings to Investment Ratio (SIR) Comparison Attic Insulation vs. Replacement Window Actual SIR calculations supported by NEAT, MHEA, and other approved audit tools account for the Present Value (PV) of money and fuel escalation rates over the lifetime of the measures to arrive at more accurate savings …
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Savings account interest calculator