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mathematical foundations 4b

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This spreadsheet activity helps to reinforce the power of compounding using a realistic principle and annual percentage rate (APR). Emphasis is placed on arriving at the same answer from three different perspectives (calculating a balance via iterations, using the algebraic formula, and taking advantage of the Excel built-in function ‘FV’).

Download the 3 attached files: Activity 4B Instruction Sheet, Activity 4B Answer Sheet, and Compound Int 3Methods Template.xls

Estimated Time for Completion: The total amount of time spent on the activity is fairly variable, approximately 1 to 3 hours for the Spreadsheet and Analysis depending on the student access to technology, the in depth of analysis taken, the background and skills with Excel spreadsheet.