Less than $5 12th Grade Math Test Prep Homework (by rating)

Talk about money and all children listen! That is why this activity is an absolute great one, as it will show them the real-Life connection to Money.

This task ties together two units into one - Geometric Series and the real-life situation of Monthly Compound Interest. In this task, students experience how investing into an annuity is the same as a geometric series. They see that we can use the same formula that is used to calculate the sum of a geometric series for the future value of an annuity.

This skill is a life skill that shows the real-life application of the topic of sequences and series in the financial world. Students can also apply this knowledge in calculating all the variables involved in mortgage and car payments.

Arithmetic Sequences, Arithmetic Series, Geometric Sequences, Geometric Series, Compound Interest, Future Value, Present Value, Annuities, Mortgage Repayments, Investments. 

You might want to consider this financial Math Bundle also!

https://www.TeachShare.com/Product/Back-to-school-Arithm-and-Geom-Sequence-Plus-SeriesCompound-Interest-Bundle-6767544

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