# SS.912.FL.3.4

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.

### Clarifications

Use spreadsheet software to calculate the amount a 10-year-old would need to save today in order to pay for one year of college tuition eight years from now.
General Information
Subject Area: Social Studies
Grade: 912
Strand: Financial Literacy
Standard: Saving
Date Adopted or Revised: 04/15
Status: State Board Approved

## Related Courses

This benchmark is part of these courses.
2102800: Floridaâ€™s Preinternational Baccalaureate Comparative Economics With Financial Literacy (Specifically in versions: 2014 - 2015, 2015 - 2022, 2022 and beyond (current))
2102335: Economics with Financial Literacy (Specifically in versions: 2014 - 2015, 2015 - 2018, 2018 - 2022, 2022 and beyond (current))
2102340: Economics with Financial Literacy for Credit Recovery (Specifically in versions: 2015 - 2018, 2018 - 2022, 2022 and beyond (current))
2102345: Economics with Financial Literacy Honors (Specifically in versions: 2014 - 2015, 2015 - 2018, 2018 - 2022, 2022 and beyond (current))
2102372: Personal Financial Literacy (Specifically in versions: 2015 - 2018, 2018 - 2019, 2019 - 2022, 2022 and beyond (current))
2102374: Personal Financial Literacy Honors (Specifically in versions: 2015 - 2018, 2018 - 2019, 2019 - 2022, 2022 and beyond (current))
1200387: Mathematics for Data and Financial Literacy (Specifically in versions: 2016 and beyond (current))
7921021: Access Personal Financial Literacy (Specifically in versions: 2019 and beyond (current))

## Related Access Points

Alternate version of this benchmark for students with significant cognitive disabilities.
SS.912.FL.3.In.3: Compare the value of money today to the value of money in the future.
SS.912.FL.3.Su.3: Discuss the value of money today and in the future.
SS.912.FL.3.Pa.3: Recognize that the value of money changes over time.

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