Time Value of Money
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- Jul 31 2010 4:30 PM
Rita Nutsch
This resource was matched by a member of the Brokers of Expertise Standards Matching Team.
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Description
In this lesson, from EconEdLink, students explore the time value of money. Students are asked to consider the following scenario. Suppose your brother or sister owed you $500. Would you rather have this money repaid to you right away, in one payment, or spread out over a year in four installment payments? Would it make a difference either way?
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Topics and Grades
Grade: 6 to 12
Topics: Number Sense, Economics, History-Social Science, Mathematics