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.
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.
Subject Area: Social Studies
Strand: Financial Literacy
Date Adopted or Revised: 04/15
Status: State Board Approved