FiCycle Presents: Compound Interest and Your Financial Life Cycle

Time: 60 mins,

Presenter: FiCycle

Teacher Version

Objective Standards Summary Description Resources

Objective

Teachers will be able to:

Facilitate effective student group work remotely to evaluate borrowing and investment decisions.
Provide mathematical background to reinforce their understanding of these concepts.

Standards

State Standards

Concepts

Credit, Decision Making, Financial Investments

This video is available to view for EconEdLink members only.

In this economics webinar, help students understand compound interest so they know when to borrow and when to invest in the real world.

Description

Learn about the concept of the financial life cycle – how are financial needs and means vary at different stages of life, and how this shapes decision making – along with activities to introduce these ideas to students. This provides a fresh approach to teaching both compound interest and exponents, one that allows students to critically analyze decisions regarding borrowing and investment and find an authentic application of mathematics.