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.
General Information
Subject Area: Social Studies
Grade: 912
Strand: Financial Literacy
Standard: Identify and compare the different means and risks of saving and investing money, including the impact of inflation and interest rates.
Date Adopted or Revised: 05/24
Status: State Board Approved

Related Courses

This benchmark is part of these courses.
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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