-
Introduce the concepts of...
Principle
APR
Compounding -
Derive and use the compound interest formula
in a variety of contexts. -
Derive and use the Future Value formula in
a variety of contexts. -
Derive and use the Present Value formula in a
variety of contexts -
![Finance Project [Start]](https://s3.amazonaws.com/s3.timetoast.com/public/uploads/photo/22268369/image/medium-fb8980dec028a1c9865055bea3aa38b5.webp?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=AKIAJB6ZCNNAN7BE7WDQ%2F20250918%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Date=20250918T134722Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=1da27260449f661ae9e96fdd07aa2700df840b6efa7fc404b5891d4e2553e9e5)
You will choose a "lifestyle" and calculate all of the pertinent payments that will need to be made. You will then calculate the annual salary required to be able to afford this lifestyle. -
![Finance Project [Finish]](https://s3.amazonaws.com/s3.timetoast.com/public/uploads/photo/22268385/image/medium-114b2a236e72ac732c7701cc7ca2de2c.webp?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=AKIAJB6ZCNNAN7BE7WDQ%2F20250918%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Date=20250918T134722Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=33f8d7e6b8119988df3012d2efc05fa874a108d49206ac95293a2b7b3a90c50f)
You will submit your calculations via Google Forms for grading.