Monday, January 23, 2012
Semester Exam: Helpful Study Sites
Well the time is here, and if you're like me, you've put off studying for as long as you can. But you can delay then inevitable no longer, time to put your nose back in the book. I have done some research and found some good sites to use to study for the semester exam. Do some research of your own and share the links here! Good luck to all during exams!
Tuesday, January 17, 2012
Building a Nest Egg: Time is Your Best Friend
Recently in class, we have been talking about investing and compound interest. However, I feel that many students lack the connection between this subject and their real lives. So here's a question you may want to answer: When do you want to have a million dollars saved up when you retire? So to give you an idea as to when you should start investing, answer this question.....
A) Say you started at age 25, by investing 5,000 dollars once a year, every year, and that inputted money earns a return of 10% compounded annually, how long will it be until you crack the one million dollar mark?
*Hint* Use a Google Docs spreadsheet to find the answer*Hint*
Tuesday, January 10, 2012
Interest?
In calculus we are learning about interest, and boy oh boy is it 'interest'ing! This topic is quite helpful to the upcoming college freshmen in the class, because there will be opportunities to get loans and credit cards as a college student. Now do some research and find
•a typical/average interest rate on a student loan
or
•an extremely high or low interest rate for a credit card
Good luck, I'm excited to see your findings!
•a typical/average interest rate on a student loan
or
•an extremely high or low interest rate for a credit card
Good luck, I'm excited to see your findings!
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