Investing Your Money Wisely Eight Grade Algebra Project Miss Moore SITUATION
Eight Grade Algebra Project
Your uncle just passed away and left you $1000 in his will. The only catch is that you have to invest it for 20 years before you can spend any of it. Now you must make an educated decision about how you should invest your money. Here are your options:
You need to figure out how much money each investment would give you by using the investment equation we learned in class:
I = P(1 + r)t
Where I is your investment, p is your principal (the money you put in), r is your rate (as a decimal), and t is the amount of time the money has been in the account.
THINGS TO CONSIDER
Remember that some of these accounts just have predicted interest and you could loose all of your money. Write me a paragraph telling me which way you would chose and why. Support it with numerical data.
Be careful with your money. If you save and invest wisely, you could be as rich and happy as John Boehm.
- John Boehm
- Carolyn Newton
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