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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.
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CCSS:
Adaptable
Concepts
Additional Tags
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
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