"Future Ready: Financial Literacy" is an educational resource that introduces the importance of financial literacy and provides an overview of key concepts such as savings accounts, types of interest, and financial planning. It aims to equip learners with the knowledge and skills needed to make informed financial decisions, manage money effectively, and build a secure financial future.

This task gives students an opportunity to work with exponential functions in a real world context involving continuously compounded interest. They will study how the base of the exponential function impacts its growth rate and use logarithms to solve exponential equations.

This lesson unit is intended to help teachers assess how well students are able to interpret exponential and linear functions and in particular to identify and help students who have the following difficulties: translating between descriptive, algebraic and tabular data, and graphical representation of the functions; recognizing how, and why, a quantity changes per unit intervale; and to achieve these goals students work on simple and compound interest problems.

This 6 minute video walks students through how to calculate compound interest. It will aid in the mastery of standard EPF. 18 (a)

This task is preliminary to F-LE Compounding Interest with a 5% Interest Rate which further develops the relationship between e and compound interest.

This task develops reasoning behind the general formula for balances under continuously compounded interest. While this task itself specifically addresses the standard (F-BF), building functions from a context, a auxiliary purpose is to introduce and motivate the number e, which plays a significant role in the (F-LE) domain of tasks.

This 11-minute video lesson provides an introduction to bankruptcy liquidation (Chapter 7). [Core Finance playlist: Lesson 22 of 184]

This 9 minute video will show students how to calculate interest and then shows them the difference when interest is calculated using simple v. compounded. This video will also discuss interest as "the cost of money" and demonstrates in examples how much a person borrows v. pays back when the interest rate is low v. high. This video will enforce the standards EPF. 13 and 18

This is a three-credit course which covers topics that enhance the students’ problem solving abilities, knowledge of the basic principles of probability/statistics, and guides students to master critical thinking/logic skills, geometric principles, personal finance skills. This course requires that students apply their knowledge to real-world problems. A TI-84 or comparable calculator is required. The course has four main units: Thinking Algebraically, Thinking Logically and Geometrically, Thinking Statistically, and Making Connections. This course is paired with a course in MyOpenMath which contains the instructor materials (including answer keys) and online homework system with immediate feedback. All course materials are licensed by CC-BY-SA unless otherwise noted.

Topics List for this Lesson: Percents, Sales Tax, and DiscountsIncome TaxSimple and Compound InterestAnnuities, Methods of Saving, and InvestingHome Ownership

This 5 minute video will teach students the benefits of compound interest. This video will aid in the mastery of standard EPF.18 (a)

This resource can serve as a teaching module, student self-study material, or evaluation of understanding. It explains and evaluates the concepts and calculations regarding simple and compound interest. It was developed by Martha Donnelly of Lone Star College.

Students will define compound interest, distinguish it from simple interest, calculate compound interest using a compound interest rate calculator, and apply the concept to real-life scenarios.

Class Time Needed: 90 minutes