Saturday, April 10, 2010

Financial Literacy as a School Subject

NYT article on Financial Literacy in School
Often students and parents will ask "When I am ever going to use this Math?".  Studying trig and algebra will make you smarter and therefore you will have the capacity to understand Finance and Economics.  An excellent topic mentioned in the article is Time Value of Money.  A good example is:
How much will you have if you invest $100 for 3 years at 10% compounded annually?
This question inspires dialogue and learning on interest rates, banking, decimals, percents, exponents as well as opening a window into understanding the way the world works.

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