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Grade 9-12
,
Activity

Compounding Your Savings

Time: 20 min,
Updated: August 14 2023,
Author: Council for Economic Education
Teacher Version
Objective Standards Summary Resources Procedure
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Objective

Students will be able to:

  • Explain the value of compound interest.

Standards

National Standards in Economics

National Standards in Financial Literacy

State Standards

Concepts

Interest, Saving

In this personal finance activity, students will identify the purpose of compound interest and how it works to build savings.

Resources

Procedure

This activity is an individual activity where students watch a video and respond to a set of questions. Compound interest is one of the most important concepts when examining the ability to build savings. This activity will help you understand how to make more informed choices about your savings. To complete this activity, students need to follow the instructions below:

  1. Watch the video No-Frills Money Skills Episode 1.
  2. Respond to these questions with a Quizizz activity, worksheet, or ReadyAssessments Activity
  3. Once the questions are completed check the answer key.
Subjects:

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