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STE...M Project

Financial Literacy & Compound Interest

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By: Kole Oppman

When Angelina was born, her grandparents deposited $3,000 into a college savings account paying 4% interest compounded continuously.

Assuming there are no deposits or withdrawals from the account, what will the balance be after 10 years?

How long will it take the balance to reach at least $10,000?

If her grandparents want Angelina to have $10,000 after 18 years, how much would they need to invest?

An investment account pay 4.2% annual interest compounded monthly. If $2,500 is invested in this account, what will be the balance after 15 years?

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Compound Interest vs. simple Interest 10 vs. e

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