Standard #: SS.912.FL.4.7


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Describe ways that money received (or paid) in the future can be compared to money held today by discounting the future value based on the rate of interest.


Examples


Example: Use spreadsheet software to calculate the amount a 10-year-old would need to save today to pay for one year of college tuition eight years from now.

Related Courses

Course Number1111 Course Title222
2102305: Economics and Personal Finance Honors (Specifically in versions: 2023 - 2024, 2024 and beyond (current))
2102373: Personal Finance and Money Management Honors (Specifically in versions: 2023 - 2024, 2024 and beyond (current))


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