Technology Search the Internet for a savings calculator. Plug in different numbers and note the results. For
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Technology Search the Internet for a savings calculator. Plug in different numbers and note the results. For example, enter a savings amount compounded annually, then quarterly, then monthly. Note the differences that occur because of the different compounding methods. Then try different savings amounts using the same compounding method. How does saving just a little more each month affect your total savings in, say, ten years? Then try different interest rates with the same savings amounts and compounding method.
Summarize your conclusions.
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Related Book For
Managing Your Personal Finances
ISBN: 9781305076815
7th Edition
Authors: Joan S. Ryan, Christie Ryan
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