Unit 3 – Investing: Making Money Work for You

Compound Interest – when you earn interest on previously earned interest + principal (p. 11); TI-84 Calculator!! 5. Interest rates on savings accounts may NOT keep pace with . inflation (price increases) 6. Rule of 72 (see handout) – On Exam! a. How many years will it take to double the money? 72 divided by interest rate = amount of years ................
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