Section 1

Section 1 Summary

 

“Oh, they don’t have to worry; they have pots of money!” Is this a familiar phrase? Have you considered that perhaps they have overflowing pots of money due to wise investments?

 

During the Section 1 Project: Capturing Your Interest!, you examined how simple and compound interest offered by banks can make your own money grow differently. After exploring investment growth, you are now in a position to make informed decisions about your own savings.

 

In Lessons 1 and 2 you explored the formulas for simple and compound interest. You applied the Rule of 72 in Lesson 3 to find how long it would take to double your money. And in Lesson 4 you examined the growth of investments over time by analyzing graphs. All the skills you acquired are fundamental to your financial growth. It’s now your turn to watch your money tree grow bigger and stronger.