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Business Management and Administration: Compound Interest - A Millionaire's Best Friend Lesson PlanBusiness Management and Administration: Compound Interest - A Millionaire's Best Friend Lesson Plan
Publisher
National Research Center for Career and Technical Education
Resource Details
Curator Rating
Educator Rating
Not yet Rated
Grade
6th - 12th
Subjects
Math
5 more...
Resource Type
Lesson Plans
Audience
For Teacher Use
Duration
1 hr
Instructional Strategies
Direct Instruction
2 more...
Technology
Calculator
Year
2012
Usage Permissions
Fine Print
Lesson Plan

Business Management and Administration: Compound Interest - A Millionaire's Best Friend

Curated and Reviewed by Lesson Planet
This Business Management and Administration: Compound Interest - A Millionaire's Best Friend lesson plan also includes:
  • Compound Interest - A Millionaire's Best Friend (.html)
  • Curriculum Map: Business Management and Administration
  • Charts for Compound Interest – A Millionaire’s Best Friend
  • Picture and Exercise for Compound Interest – A Millionaire’s Best Friend
  • Investment Spectrum Table Worksheet
  • Investment Spectrum Table Worksheet Answer Key
  • Investment Spectrum Table Worksheet Scrap
  • Vocabulary
  • Assessment
  • Join to access all included materials

Many math concepts are covered through this resource: percentages, decimals, ratios, exponential functions, graphing, rounding, order of operations, estimation, and solving equations. Colorful worksheets and a link to a Google search for fractals images are included. Note that the lesson plan states it is the second of five lessons in an investing unit, but the other pieces were not located on the publisher's website. The lesson does, however, hold plenty of value on its own.

658 Views 377 Downloads
CCSS: Designed

Concepts

compound interest, decimals, exponential functions, order of operations, evaluating expressions, percents, ratios, interest rates

Additional Tags

compound interest, percent, ratio, decimal, exponential function, order of operations, math

Pros

  • A very practical topic
  • Worksheets and answer keys provided
  • Richly detailed lesson plan

Cons

  • Many Common Core standards listed, but not easy to address them all
  • Though some standards are aimed at middle school, the complexity and topic may be more appropriate for high school

Common Core

6.RP.A.1 6.RP.A.2 6.RP.A.3.a 6.NS.B.2 6.NS.B.3 6.NS.C.5 6.EE.A.1 6.EE.A.2.a 6.EE.A.3 6.EE.B.6 6.EE.B.7 6.EE.B.8 6.EE.C.9 6.SP.B.4 6.SP.B.5.a 7.RP.A.1 7.RP.A.2.a 7.RP.A.3 7.NS.A.1.a 7.NS.A.2.a 7.NS.A.3 7.EE.A.1 7.EE.A.2 7.EE.B.3 7.EE.B.4.a 7.SP.A.2 7.SP.B.3 7.SP.B.4 8.EE.A.1 8.EE.A.2 8.EE.A.3 8.EE.C.7.a 8.EE.C.8.a 8.F.B.4 8.SP.A.3 8.SP.A.4 HSN-Q.A.1 HSN-Q.A.2 HSN-Q.A.3 HSA-SSE.A.1.a HSA-CED.A.1 HSA-CED.A.2 HSA-CED.A.3 HSA-CED.A.4 HSA-REI.B.3 HSA-REI.B.4.a HSA-REI.D.10 HSF-IF.B.5 HSF-BF.A.1.a HSG-MG.A.3 HSS-ID.A.1 HSS-ID.B.6.a HSS-IC.A.1 HSS-IC.A.2 HSS-IC.B.3 HSS-IC.B.4 HSS-IC.B.5 HSS-IC.B.6 MP1 MP2 MP3 MP4 MP5 MP6 MP7 MP8

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