12. Saving $1 a Day No Interest 5% Daily Compounding Year 1 $365 $374 Year 5 $1,825 $2,073 Year 10 $3,650 $4,735 Year 30 $10,950 $25,415
13. Saving $5 a Day No Interest 5% Daily Compounding Year 1 $1,825 $1,871 Year 5 $9,125 $10,366 Year 10 $18,250 $23,677 Year 30 $54,750 $127,077
14.
15. Annual Percentage Yield (APY) Principal amount of funds assumed to have been deposited at the beginning of the account Interest total dollar amount of interest earned on the Principal for the term of the account Days in term the actual number of days in the term of the account
Suggested changing top question to: How Do I Know What Bank is Right for Me?. If that is too big a change, add to the slide content question the phrase: “about the bank” as in “You should ask yourself several questions about the bank , including:” JK: I kept the question since it matches the lesson, but changed the “Before you open….” wording.
Changed dash from keyboard dash to symbol to be consistent with other slides..
![Today we will talk about…. ,[object Object],[object Object]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)