Assignment Prompt & Instructions
[>Algebra homework help](https://www.sweetstudy.com/fields/mathematics-algebra)
Must follow grading Rubic
– a year ago
**files (2)**
– ## FinancialReportWorksheet_KP_IE_Done2.docx
– ## ModuleXAssignment.html.zip
**## FinancialReportWorksheet_KP_IE_Done2.docx**
Financial Report Worksheet
**Directions:** Complete the financial report worksheet to help you with your calculations to create the APA report.
1. Go to your financial institution’s website or a local financial institution’s website and find the interest rate and compounding frequency (monthly, quarterly, annually, and so on) for a savings account. Record that here:
2. Use the compound interest formula: where
_r_ is the interest rate
**as a decimal**,
_n_ is the number of times it is compounded in the time frame,
_t_ is the amount of time, and
_P_ is the starting value. Calculate your balance if you invest $1,000 for 1 year.
3. Using the compound interest formula, calculate your balance if you invest $1,000 for 5 years.
4. Now select a new compounding period (monthly, quarterly, annually, and so on) and redo your calculations from number 2 & 3, using the same interest rate.
5. Now select a new interest rate from another financial institution that is different than your starting one. Redo your calculations from numbers 2 & 3 with the new rate but keeping the same compounding frequency that you used in 2 & 3.
6. What did you learn about comparing the compounding frequency that interest is compounded?
7. What did you learn about comparing the interest rate?
8. Is it better to have a slightly higher rate or have interest compounded more often?
**## ModuleXAssignment.html.zip**
## Module X Assignment.html
Submit your complete assignment by clicking the blue submit button at the bottom of the page. We recommend that you submit your work on Sunday of the week that you start the module.
HOMEWORK
## Assignment Instructions
### M4 Assignment: Financial Statement
Financial Report
Money is a central concept for everyone no matter what age you are. In this project, you will explore exponents using the compound interest formula to make conclusions on investments.
In this project, you will:
1. Use exponents to calculate the amount of interest earned on an investment.
2. Evaluate formulas with exponents.
3. Convert interest rates to decimals.
4. Apply the order of operations.
To complete this project you will:
1. Complete the
[Financial Report Worksheet](https://www.sweetstudy.com/questions/Financial%20Report%20Worksheet_KP_IE_Done.docx) to guide you in developing your budget. Be sure to show all work!
2. Complete a 2-page, double-spaced, APA-formatted report. In the report, you need to present your findings and explain your conclusions on interest rates and compounding frequency. Thoughts to include in the report include: Is a savings account a good way to earn interest? When looking at opening a savings account, what should you look for: higher interest rate or more frequent compounding?
3. Be sure to cite your sources for the interest rates from the chosen financial institution!
## Length/Formatting Instructions
| | |
| — | — |
| Length | 2 pages, 400-500 words |
| Font | 12 point, Calibri Font, no more than 1" margins |
| Program/File Type | Submit in Word |
| Attachments | Should be pasted into the Word document if possible. |
| Referencing system | APA referencing system is necessary in assignments, especially material copied from the Internet.<br> <br>For examples of correct citations, visit the following links:<br>[http://owl.english.purdue.edu/owl/resource/560/01/](http://owl.english.purdue.edu/owl/resource/560/01/) |
| File Name | |
## M4 Assignment Grading Rubric
Your work will be evaluated on the following criteria:
| | | | | |
| — | — | — | — | — |
| CATEGORY | Exemplary | Satisfactory | Unsatisfactory | Unacceptable |
| Presentation Style – Organization, Transitions, Tone (10 Points) | 10 points <br>The assignment is presented with excellent organization, thoughtful transitions, and the appropriate tone. | 8 points<br>The paper is adequately organized, but has some errors in the transitions or the tone. | 4 points <br>The paper is poorly organized, or it contains ineffective transitions and/or inappropriate tone. | 0 points<br>The paper displays little to no organization or transitions, and/or does not use the appropriate tone. |
| APA Format – Citations and References (5 Points) | 5 points <br>All sources used for quotes and facts are credible and cited, and the references and in-text citations are all properly formatted. Each reference has an in-text citation and in-text citation has a reference. | 4 points <br>All sources used for quotes and facts are credible and cited, but slight errors are present in the format of the in-text citations or references. Or there may be one in-text citation or reference missing. | 2 points <br>Some sources used for quotes and facts are either not credible or there are significant errors in the in-text citations and/or references. Or there are multiple missing in-text citations or references. | 0 points <br>The sources used for quotes and facts are not credible and/or not cited. The in-text citations and/or references are not present. |
| Application to the Real World (40 points) | 40 points<br>The response indicates a high level application of compound interest. The paper demonstrates a complete understanding and analysis of interest rates and the compound interest formula. | 32 points<br>The response indicates a basic application of compound interest. The response demonstrates a clear understanding and analysis of interest rates and the compound interest formula. | 16 points<br>The response indicates an incomplete application of compound interest. The response demonstrates a conceptual understanding and analysis of interest rates and the compound interest formula. | 0 points<br>The response indicates little or no application and analysis of compound interest. |
| Accuracy (45 points) | 45 points<br>The entire assignment was completed with dedicated attention to the directions. Outstanding effort and work exceeds expectations. All work is shown and calculations are accurate. | 36 points<br>Most of the assignment was completed with attention to the directions but some parts are missing. Good effort and work meets expectations. Most calculations are accurate. | 18 points<br>Assignment was completed but attention to the directions was spotty or parts of the assignment are missing. Some effort was made and work meets minimal expectations. Only some calculations are accurate. | 0 points<br>Assignment is incomplete and/or directions were not followed. Lacks many elements. Appears that little or no effort was made. Calculations are not accurate. |
[Submit Assignment](https://www.sweetstudy.com/d2l/common/dialogs/quickLink/quickLink.d2l?ou=13225&type=dropbox&rcode=ashworth-213649)
## Financial Report Worksheet_KP_IE_Done.docx
Financial Report Worksheet
**Directions:** Complete the financial report worksheet to help you with your calculations to create the APA report.
1. Go to your financial institution’s website or a local financial institution’s website and find the interest rate and compounding frequency (monthly, quarterly, annually, and so on) for a savings account. Record that here:
2. Use the compound interest formula: where
_r_ is the interest rate
**as a decimal**,
_n_ is the number of times it is compounded in the time frame,
_t_ is the amount of time, and
_P_ is the starting value. Calculate your balance if you invest $1,000 for 1 year.
3. Using the compound interest formula, calculate your balance if you invest $1,000 for 5 years.
4. Now select a new compounding period (monthly, quarterly, annually, and so on) and redo your calculations from number 2 & 3, using the same interest rate.
5. Now select a new interest rate from another financial institution that is different than your starting one. Redo your calculations from numbers 2 & 3 with the new rate but keeping the same compounding frequency that you used in 2 & 3.
6. What did you learn about comparing the compounding frequency that interest is compounded?
7. What did you learn about comparing the interest rate?
8. Is it better to have a slightly higher rate or have interest compounded more often?
**## ModuleXAssignment.html.zip**
## Module X Assignment.html
Submit your complete assignment by clicking the blue submit button at the bottom of the page. We recommend that you submit your work on Sunday of the week that you start the module.
HOMEWORK
## Assignment Instructions
### M4 Assignment: Financial Statement
Financial Report
Money is a central concept for everyone no matter what age you are. In this project, you will explore exponents using the compound interest formula to make conclusions on investments.
In this project, you will:
1. Use exponents to calculate the amount of interest earned on an investment.
2. Evaluate formulas with exponents.
3. Convert interest rates to decimals.
4. Apply the order of operations.
To complete this project you will:
1. Complete the
[Financial Report Worksheet](https://www.sweetstudy.com/questions/Financial%20Report%20Worksheet_KP_IE_Done.docx) to guide you in developing your budget. Be sure to show all work!
2. Complete a 2-page, double-spaced, APA-formatted report. In the report, you need to present your findings and explain your conclusions on interest rates and compounding frequency. Thoughts to include in the report include: Is a savings account a good way to earn interest? When looking at opening a savings account, what should you look for: higher interest rate or more frequent compounding?
3. Be sure to cite your sources for the interest rates from the chosen financial institution!
## Length/Formatting Instructions
| | |
| — | — |
| Length | 2 pages, 400-500 words |
| Font | 12 point, Calibri Font, no more than 1" margins |
| Program/File Type | Submit in Word |
| Attachments | Should be pasted into the Word document if possible. |
| Referencing system | APA referencing system is necessary in assignments, especially material copied from the Internet.<br> <br>For examples of correct citations, visit the following links:<br>[http://owl.english.purdue.edu/owl/resource/560/01/](http://owl.english.purdue.edu/owl/resource/560/01/) |
| File Name | |
## M4 Assignment Grading Rubric
Your work will be evaluated on the following criteria:
| | | | | |
| — | — | — | — | — |
| CATEGORY | Exemplary | Satisfactory | Unsatisfactory | Unacceptable |
| Presentation Style – Organization, Transitions, Tone (10 Points) | 10 points <br>The assignment is presented with excellent organization, thoughtful transitions, and the appropriate tone. | 8 points<br>The paper is adequately organized, but has some errors in the transitions or the tone. | 4 points <br>The paper is poorly organized, or it contains ineffective transitions and/or inappropriate tone. | 0 points<br>The paper displays little to no organization or transitions, and/or does not use the appropriate tone. |
| APA Format – Citations and References (5 Points) | 5 points <br>All sources used for quotes and facts are credible and cited, and the references and in-text citations are all properly formatted. Each reference has an in-text citation and in-text citation has a reference. | 4 points <br>All sources used for quotes and facts are credible and cited, but slight errors are present in the format of the in-text citations or references. Or there may be one in-text citation or reference missing. | 2 points <br>Some sources used for quotes and facts are either not credible or there are significant errors in the in-text citations and/or references. Or there are multiple missing in-text citations or references. | 0 points <br>The sources used for quotes and facts are not credible and/or not cited. The in-text citations and/or references are not present. |
| Application to the Real World (40 points) | 40 points<br>The response indicates a high level application of compound interest. The paper demonstrates a complete understanding and analysis of interest rates and the compound interest formula. | 32 points<br>The response indicates a basic application of compound interest. The response demonstrates a clear understanding and analysis of interest rates and the compound interest formula. | 16 points<br>The response indicates an incomplete application of compound interest. The response demonstrates a conceptual understanding and analysis of interest rates and the compound interest formula. | 0 points<br>The response indicates little or no application and analysis of compound interest. |
| Accuracy (45 points) | 45 points<br>The entire assignment was completed with dedicated attention to the directions. Outstanding effort and work exceeds expectations. All work is shown and calculations are accurate. | 36 points<br>Most of the assignment was completed with attention to the directions but some parts are missing. Good effort and work meets expectations. Most calculations are accurate. | 18 points<br>Assignment was completed but attention to the directions was spotty or parts of the assignment are missing. Some effort was made and work meets minimal expectations. Only some calculations are accurate. | 0 points<br>Assignment is incomplete and/or directions were not followed. Lacks many elements. Appears that little or no effort was made. Calculations are not accurate. |
[Submit Assignment](https://www.sweetstudy.com/d2l/common/dialogs/quickLink/quickLink.d2l?ou=13225&type=dropbox&rcode=ashworth-213649)
## Financial Report Worksheet_KP_IE_Done.docx
Financial Report Worksheet
**Directions:** Complete the financial report worksheet to help you with your calculations to create the APA report.
1. Go to your financial institution’s website or a local financial institution’s website and find the interest rate and compounding frequency (monthly, quarterly, annually, and so on) for a savings account. Record that here:
2. Use the compound interest formula: where
_r_ is the interest rate
**as a decimal**,
_n_ is the number of times it is compounded in the time frame,
_t_ is the amount of time, and
_P_ is the starting value. Calculate your balance if you invest $1,000 for 1 year.
3. Using the compound interest formula, calculate your balance if you invest $1,000 for 5 years.
4. Now select a new compounding period (monthly, quarterly, annually, and so on) and redo your calculations from number 2 & 3, using the same interest rate.
5. Now select a new interest rate from another financial institution that is different than your starting one. Redo your calculations from numbers 2 & 3 with the new rate but keeping the same compounding frequency that you used in 2 & 3.
6. What did you learn about comparing the compounding frequency that interest is compounded?
7. What did you learn about comparing the interest rate?
8. Is it better to have a slightly higher rate or have interest compounded more often?
**## FinancialReportWorksheet_KP_IE_Done2.docx**
Financial Report Worksheet
**Directions:** Complete the financial report worksheet to help you with your calculations to create the APA report.
1. Go to your financial institution’s website or a local financial institution’s website and find the interest rate and compounding frequency (monthly, quarterly, annually, and so on) for a savings account. Record that here:
2. Use the compound interest formula: where
_r_ is the interest rate
**as a decimal**,
_n_ is the number of times it is compounded in the time frame,
_t_ is the amount of time, and
_P_ is the starting value. Calculate your balance if you invest $1,000 for 1 year.
3. Using the compound interest formula, calculate your balance if you invest $1,000 for 5 years.
4. Now select a new compounding period (monthly, quarterly, annually, and so on) and redo your calculations from number 2 & 3, using the same interest rate.
5. Now select a new interest rate from another financial institution that is different than your starting one. Redo your calculations from numbers 2 & 3 with the new rate but keeping the same compounding frequency that you used in 2 & 3.
6. What did you learn about comparing the compounding frequency that interest is compounded?
7. What did you learn about comparing the interest rate?
8. Is it better to have a slightly higher rate or have interest compounded more often?
**## ModuleXAssignment.html.zip**
## Module X Assignment.html
Submit your complete assignment by clicking the blue submit button at the bottom of the page. We recommend that you submit your work on Sunday of the week that you start the module.
HOMEWORK
## Assignment Instructions
### M4 Assignment: Financial Statement
Financial Report
Money is a central concept for everyone no matter what age you are. In this project, you will explore exponents using the compound interest formula to make conclusions on investments.
In this project, you will:
1. Use exponents to calculate the amount of interest earned on an investment.
2. Evaluate formulas with exponents.
3. Convert interest rates to decimals.
4. Apply the order of operations.
To complete this project you will:
1. Complete the
[Financial Report Worksheet](https://www.sweetstudy.com/questions/Financial%20Report%20Worksheet_KP_IE_Done.docx) to guide you in developing your budget. Be sure to show all work!
2. Complete a 2-page, double-spaced, APA-formatted report. In the report, you need to present your findings and explain your conclusions on interest rates and compounding frequency. Thoughts to include in the report include: Is a savings account a good way to earn interest? When looking at opening a savings account, what should you look for: higher interest rate or more frequent compounding?
3. Be sure to cite your sources for the interest rates from the chosen financial institution!
## Length/Formatting Instructions
| | |
| — | — |
| Length | 2 pages, 400-500 words |
| Font | 12 point, Calibri Font, no more than 1" margins |
| Program/File Type | Submit in Word |
| Attachments | Should be pasted into the Word document if possible. |
| Referencing system | APA referencing system is necessary in assignments, especially material copied from the Internet.<br> <br>For examples of correct citations, visit the following links:<br>[http://owl.english.purdue.edu/owl/resource/560/01/](http://owl.english.purdue.edu/owl/resource/560/01/) |
| File Name | |
## M4 Assignment Grading Rubric
Your work will be evaluated on the following criteria:
| | | | | |
| — | — | — | — | — |
| CATEGORY | Exemplary | Satisfactory | Unsatisfactory | Unacceptable |
| Presentation Style – Organization, Transitions, Tone (10 Points) | 10 points <br>The assignment is presented with excellent organization, thoughtful transitions, and the appropriate tone. | 8 points<br>The paper is adequately organized, but has some errors in the transitions or the tone. | 4 points <br>The paper is poorly organized, or it contains ineffective transitions and/or inappropriate tone. | 0 points<br>The paper displays little to no organization or transitions, and/or does not use the appropriate tone. |
| APA Format – Citations and References (5 Points) | 5 points <br>All sources used for quotes and facts are credible and cited, and the references and in-text citations are all properly formatted. Each reference has an in-text citation and in-text citation has a reference. | 4 points <br>All sources used for quotes and facts are credible and cited, but slight errors are present in the format of the in-text citations or references. Or there may be one in-text citation or reference missing. | 2 points <br>Some sources used for quotes and facts are either not credible or there are significant errors in the in-text citations and/or references. Or there are multiple missing in-text citations or references. | 0 points <br>The sources used for quotes and facts are not credible and/or not cited. The in-text citations and/or references are not present. |
| Application to the Real World (40 points) | 40 points<br>The response indicates a high level application of compound interest. The paper demonstrates a complete understanding and analysis of interest rates and the compound interest formula. | 32 points<br>The response indicates a basic application of compound interest. The response demonstrates a clear understanding and analysis of interest rates and the compound interest formula. | 16 points<br>The response indicates an incomplete application of compound interest. The response demonstrates a conceptual understanding and analysis of interest rates and the compound interest formula. | 0 points<br>The response indicates little or no application and analysis of compound interest. |
| Accuracy (45 points) | 45 points<br>The entire assignment was completed with dedicated attention to the directions. Outstanding effort and work exceeds expectations. All work is shown and calculations are accurate. | 36 points<br>Most of the assignment was completed with attention to the directions but some parts are missing. Good effort and work meets expectations. Most calculations are accurate. | 18 points<br>Assignment was completed but attention to the directions was spotty or parts of the assignment are missing. Some effort was made and work meets minimal expectations. Only some calculations are accurate. | 0 points<br>Assignment is incomplete and/or directions were not followed. Lacks many elements. Appears that little or no effort was made. Calculations are not accurate. |
[Submit Assignment](https://www.sweetstudy.com/d2l/common/dialogs/quickLink/quickLink.d2l?ou=13225&type=dropbox&rcode=ashworth-213649)
## Financial Report Worksheet_KP_IE_Done.docx
Financial Report Worksheet
**Directions:** Complete the financial report worksheet to help you with your calculations to create the APA report.
1. Go to your financial institution’s website or a local financial institution’s website and find the interest rate and compounding frequency (monthly, quarterly, annually, and so on) for a savings account. Record that here:
2. Use the compound interest formula: where
_r_ is the interest rate
**as a decimal**,
_n_ is the number of times it is compounded in the time frame,
_t_ is the amount of time, and
_P_ is the starting value. Calculate your balance if you invest $1,000 for 1 year.
3. Using the compound interest formula, calculate your balance if you invest $1,000 for 5 years.
4. Now select a new compounding period (monthly, quarterly, annually, and so on) and redo your calculations from number 2 & 3, using the same interest rate.
5. Now select a new interest rate from another financial institution that is different than your starting one. Redo your calculations from numbers 2 & 3 with the new rate but keeping the same compounding frequency that you used in 2 & 3.
6. What did you learn about comparing the compounding frequency that interest is compounded?
7. What did you learn about comparing the interest rate?
8. Is it better to have a slightly higher rate or have interest compounded more often?
**## FinancialReportWorksheet_KP_IE_Done2.docx**
Financial Report Worksheet
**Directions:** Complete the financial report worksheet to help you with your calculations to create the APA report.
1. Go to your financial institution’s website or a local financial institution’s website and find the interest rate and compounding frequency (monthly, quarterly, annually, and so on) for a savings account. Record that here:
2. Use the compound interest formula: where
_r_ is the interest rate
**as a decimal**,
_n_ is the number of times it is compounded in the time frame,
_t_ is the amount of time, and
_P_ is the starting value. Calculate your balance if you invest $1,000 for 1 year.
3. Using the compound interest formula, calculate your balance if you invest $1,000 for 5 years.
4. Now select a new compounding period (monthly, quarterly, annually, and so on) and redo your calculations from number 2 & 3, using the same interest rate.
5. Now select a new interest rate from another financial institution that is different than your starting one. Redo your calculations from numbers 2 & 3 with the new rate but keeping the same compounding frequency that you used in 2 & 3.
6. What did you learn about comparing the compounding frequency that interest is compounded?
7. What did you learn about comparing the interest rate?
8. Is it better to have a slightly higher rate or have interest compounded more often?
**## ModuleXAssignment.html.zip**
## Module X Assignment.html
Submit your complete assignment by clicking the blue submit button at the bottom of the page. We recommend that you submit your work on Sunday of the week that you start the module.
HOMEWORK
## Assignment Instructions
### M4 Assignment: Financial Statement
Financial Report
Money is a central concept for everyone no matter what age you are. In this project, you will explore exponents using the compound interest formula to make conclusions on investments.
In this project, you will:
1. Use exponents to calculate the amount of interest earned on an investment.
2. Evaluate formulas with exponents.
3. Convert interest rates to decimals.
4. Apply the order of operations.
To complete this project you will:
1. Complete the
[Financial Report Worksheet](https://www.sweetstudy.com/questions/Financial%20Report%20Worksheet_KP_IE_Done.docx) to guide you in developing your budget. Be sure to show all work!
2. Complete a 2-page, double-spaced, APA-formatted report. In the report, you need to present your findings and explain your conclusions on interest rates and compounding frequency. Thoughts to include in the report include: Is a savings account a good way to earn interest? When looking at opening a savings account, what should you look for: higher interest rate or more frequent compounding?
3. Be sure to cite your sources for the interest rates from the chosen financial institution!
## Length/Formatting Instructions
| | |
| — | — |
| Length | 2 pages, 400-500 words |
| Font | 12 point, Calibri Font, no more than 1" margins |
| Program/File Type | Submit in Word |
| Attachments | Should be pasted into the Word document if possible. |
| Referencing system | APA referencing system is necessary in assignments, especially material copied from the Internet.<br> <br>For examples of correct citations, visit the following links:<br>[http://owl.english.purdue.edu/owl/resource/560/01/](http://owl.english.purdue.edu/owl/resource/560/01/) |
| File Name | |
## M4 Assignment Grading Rubric
Your work will be evaluated on the following criteria:
| | | | | |
| — | — | — | — | — |
| CATEGORY | Exemplary | Satisfactory | Unsatisfactory | Unacceptable |
| Presentation Style – Organization, Transitions, Tone (10 Points) | 10 points <br>The assignment is presented with excellent organization, thoughtful transitions, and the appropriate tone. | 8 points<br>The paper is adequately organized, but has some errors in the transitions or the tone. | 4 points <br>The paper is poorly organized, or it contains ineffective transitions and/or inappropriate tone. | 0 points<br>The paper displays little to no organization or transitions, and/or does not use the appropriate tone. |
| APA Format – Citations and References (5 Points) | 5 points <br>All sources used for quotes and facts are credible and cited, and the references and in-text citations are all properly formatted. Each reference has an in-text citation and in-text citation has a reference. | 4 points <br>All sources used for quotes and facts are credible and cited, but slight errors are present in the format of the in-text citations or references. Or there may be one in-text citation or reference missing. | 2 points <br>Some sources used for quotes and facts are either not credible or there are significant errors in the in-text citations and/or references. Or there are multiple missing in-text citations or references. | 0 points <br>The sources used for quotes and facts are not credible and/or not cited. The in-text citations and/or references are not present. |
| Application to the Real World (40 points) | 40 points<br>The response indicates a high level application of compound interest. The paper demonstrates a complete understanding and analysis of interest rates and the compound interest formula. | 32 points<br>The response indicates a basic application of compound interest. The response demonstrates a clear understanding and analysis of interest rates and the compound interest formula. | 16 points<br>The response indicates an incomplete application of compound interest. The response demonstrates a conceptual understanding and analysis of interest rates and the compound interest formula. | 0 points<br>The response indicates little or no application and analysis of compound interest. |
| Accuracy (45 points) | 45 points<br>The entire assignment was completed with dedicated attention to the directions. Outstanding effort and work exceeds expectations. All work is shown and calculations are accurate. | 36 points<br>Most of the assignment was completed with attention to the directions but some parts are missing. Good effort and work meets expectations. Most calculations are accurate. | 18 points<br>Assignment was completed but attention to the directions was spotty or parts of the assignment are missing. Some effort was made and work meets minimal expectations. Only some calculations are accurate. | 0 points<br>Assignment is incomplete and/or directions were not followed. Lacks many elements. Appears that little or no effort was made. Calculations are not accurate. |
[Submit Assignment](https://www.sweetstudy.com/d2l/common/dialogs/quickLink/quickLink.d2l?ou=13225&type=dropbox&rcode=ashworth-213649)
## Financial Report Worksheet_KP_IE_Done.docx
Financial Report Worksheet
**Directions:** Complete the financial report worksheet to help you with your calculations to create the APA report.
1. Go to your financial institution’s website or a local financial institution’s website and find the interest rate and compounding frequency (monthly, quarterly, annually, and so on) for a savings account. Record that here:
2. Use the compound interest formula: where
_r_ is the interest rate
**as a decimal**,
_n_ is the number of times it is compounded in the time frame,
_t_ is the amount of time, and
_P_ is the starting value. Calculate your balance if you invest $1,000 for 1 year.
3. Using the compound interest formula, calculate your balance if you invest $1,000 for 5 years.
4. Now select a new compounding period (monthly, quarterly, annually, and so on) and redo your calculations from number 2 & 3, using the same interest rate.
5. Now select a new interest rate from another financial institution that is different than your starting one. Redo your calculations from numbers 2 & 3 with the new rate but keeping the same compounding frequency that you used in 2 & 3.
6. What did you learn about comparing the compounding frequency that interest is compounded?
7. What did you learn about comparing the interest rate?
8. Is it better to have a slightly higher rate or have interest compounded more often?