Goal

You will use logarithms to calculate interest in an investment.

Role

You are a financial adviser that advises parents with young children on the best way to invest their money and prepare for their children's college education.

Audience

Making these calculations will help parents see how their investments will grow and which investments will help them prepare for their children's college education.

Situation

You will describe two scenarios in which two sets of parents come to you with their financial status. Determine the best way for them to invest their funds in preparation for their children's college education. Use logarithm functions to express the interest compounded annually and use a graph format to show how long it will take to accumulate 'x' amount of dollars.

Performance Task

Use this website for ideas for additional help:

http://www.algebra.com/algebra/homework/logarithm/Using-logarithms-to-solve-real-world-problems.lesson Create two scenarios in which two different sets of parents with two different financial needs/status and discuss what you would advise as their financial adviser. Include the following in your findings:

• A current financial quote of each family, including savings, salaries, etc.
• A current average college tuition based on the families projected 'ideas' of what kind of colleges their children will attend.
• Current interest compounded annually on different investments.
• A logarithmic function that expresses the investment that you are advising.
• A graphic display of the interest compounded annually and the amount of time it will take to reach their goal.

Standards for Success

• Student will accurately calculate today's average college tuition.
• Student will describe the chosen investment advised for each family.
• Student will accurately calculate the interest on the chosen investment.
• Student will use an appropriate logarithmic function that expresses the investment opportunity.
• Student will use an appropriate graphic display to show the investment growth.

Please upload your completed assignment here. Be sure you have included your name at the top of your documentandas part of the file name. Be sure to review the rubric to see how you will be graded.