Rule+of+72

Readings:

A Penny Saved (story of interest) http://www.econedlink.org/lessons/docs_lessons/1029_a_penny_saved.pdf

Interest Rates explanation: Provided by moneyandsociety media type="youtube" key="Pod73wrvdSQ" height="315" width="420"

Explanation of compounding interest and the rule of 72 media type="youtube" key="RoKg-a_-kbY" height="315" width="560"

Jack and Jill example

Activities :

Visit Inspired to Saves' website and play with the compound interest calculator. Feel free to put different numbers into the calculator to see what happens to your savings over time.

http://www.inspiredtosave.com/

Here are some more practice examples using the rule of 72 to determine the length of time it will take an investment to double

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