Related Lessons

The Benefits of Investing Early

The students will see how compounding returns make investing at a young age pay off.

Published: 06/20/2005

Calculating Simple Interest

How do banks calculate the amount of interest paid on a loan? In this lesson, students will view a Livescribe Pencast to learn how to find the dollar amount in interest that is due at maturity. This lesson uses different time periods such as days, months, and years in the calculation as well as varying interest rates.

Published: 10/20/2011

Earning Credit

Students participate in a series of activities that provide them with a simulated credit score and an auto loan interest rate based on their credit score. Then they learn to use compound interest and amortization schedules to calculate the real cost of buying a car, and they compare the total cost of buying a car for individuals with high and low credit scores. At the conclusion, students have a second opportunity to obtain a higher credit score and evaluate how this will affect what kind of car they can buy. Students should have some mathematical background in exponents and the idea of percents before beginning this lesson.

Published: 10/09/2014

Related Publications

The following lessons come from the Council for Economic Education's library of publications. Clicking the publication title or image will take you to the Council for Economic Education Store for more detailed information.

Mathematics & Economics: Connections for Life - 9-12

Created specifically for high school mathematics teachers, this publication shows how mathematics concepts and knowledge can be used to develop economic and personal financial understandings.

Published: 2001

3 out of 15 lessons from this publication relate to this EconEdLink lesson.

Financial Fitness for Life: 9-12 - Teacher Guide

This publication contains lessons for teaching personal finance concepts to 9-12 students. Lessons for older students illustrate certain uses of more abstract representations.