This lesson plan is provided as a supplement to the Choose to Save Lesson Plan if a focus on math calculations is desired. This lesson consists of only simple and compound interest calculations. Background information regarding the concept of time value of money is provided in the Choose to Save Lesson Plan. The instructor will also conduct the Time Value of Money Magic! activity using jelly beans.

Cross-curricular keywords: Math

Lesson Objectives

  • Calculate simple interest earnings
  • Calculate compound interest earnings
  • Compare differences between simple and compound interest

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