Section 1
1. Section 1
1.30. Connect
Section 1: Simple and Compound Interest
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Connect
Going Beyond
So you want to become a millionaire!
Suppose you had $7812.50 to invest, and you could earn 8% compounded annually. Estimate the number of years required for the $7812.50 to grow to $1 million.
Project Connection
You are now prepared to start Step 4 of the Section 1 Project: Capturing Your Interest! Make sure to save all your project work in your course folder to submit at the end of Section 1.
Lesson 3 Assignment
Your lesson assignment contains some problems for you to solve using knowledge gained during the lesson. Now you will have the chance to apply the concepts and strategies learned to a new situation. Show work to support your answers.
Open the Lesson 3 Assignment that you saved to your course folder and complete the questions.