Bell Work 15 Minutes Write 2 good paragraphs

Bell Work, 15 Minutes Write 2 good paragraph’s. 1 st Paragraph, highlight the key things you learned or observed during formative exercise the past 2 days –primarily concerning Simple & Compound Interest. 2 nd Paragraph, how did the exercise change your way of thinking and what would you like to investigate further concerning Simple & Compound Interest?

Objective (Unit 7. 4 Comparing Investments) In this lesson, Student Mathematicians extend the structure of exponential growth as it relates to compound interest and begin to look at monthly additions to an account to reach savings goals (as opposed to a static interest earning situation of a one time pay-in account). The real world application of retirement savings is addressed. Do. L: SWBAT solve 2 CR problems for real world scenarios apply interests principles practiced with 80% or accuracy.

Review, Lesson 3 Reflection Read (2 M) Recall the example from earlier in the unit (Lesson 3). Parents of a newborn baby want to save money so they have $150, 000 in 18 years to pay for a college education for the child. We saw if they invest their money in a savings account that offered a 6% annual percentage rate (APR) that is compounded monthly, they would need to deposit about $51, 000 today in one lump sum. Rather than establishing “lump sum” savings accounts, most people set up accounts where they make fixed monthly payments over a set number of years (say 18) in order to have reached a goal in the future ($150, 000 in 18 years). With your group members, estimate how much money this couple should deposit monthly for the next 18 years, in order to have $150, 000 in 18 years? Assume the interest rate stays the same at 6%.

Individual Inspection 3 M, p 18, Pair Share (10 M) Develop Ideas or Concepts for Solving

DOL, 10 M