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Q&A #18323

Teachers' Lounge Discussion: Sales tax/interest

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From: Brian <brian_h_greenberg@yahoo.com>
To: Teacher2Teacher Public Discussion
Date: 2008042414:44:04
Subject: Sales tax / interest

	
I like the prior example with the spreadsheet.

I'd ask the students the following question:

"What has more significant impact to your earnings, the interest
percentage or the time invested?"

With the spreadsheet you could change for example the percentage from
6% to 7% to show the impact over the years.  then you could go back
and add 10 more years to see what would happen at 6%.

Hopefully the students will see that time invested is truely the magic
of compounding as Einstein said.

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