Day 76

Lesson Objectives

  • Demonstrate how compound interest works and understand the impact of annual interest rate.
  • Describe the difference between simple and compound interest.
  • Understand the importance of beginning to save now.

Assignment BAU4.1

  1. Inside of your Banking Unit folder, create a new folder titled Lesson 4.  All your tasks completed in Lesson 4 should be stored in this folder.

Assignment BAU4.2

  1. Watch Video 4.1
  2. Discussion Questions:
    1. Define inflation.
    2. Explain the time value of money?
    3. Can you think of anything that has significantly increased in price during your lifetime?

Assignment BAU4.3

  1. Make a copy of this Google Document (Espanol), rename the document Saving: A Way to Build Wealth-(Your Initials), and move this file into your Lesson 4 folder.
  2. Complete the assigned tasks given in the document.