LIFEPAC® Consumer Math Unit 4 Worktext

Description

Consumer Mathematics Unit 4 introduces students to different types of savings and investment accounts. Students learn about typical annual percentage yield (APY) associated with different saving and investment options, as well as other important financial terms. Students also compare investing with saving, considering a variety of saving goal scenarios.

In this course, students will study:

• Strategies for saving
• Savings accounts
• Special savings accounts
• Differences between saving and investing
• Investment products
• Stocks

Course Objectives

• Define key financial terms associated with saving and investing.
• Learn saving strategies.
• Calculate the amount in a savings account, given specific information such as interest rate.
• Use the Rule of 72 to estimate savings returns.
• Calculate how much savings will be needed to achieve a goal.
• List the factors to consider when selecting a savings account.
• Understand how to open and maintain a savings account.
• Identify tools and services available for saving.
• Define key terms, such as U.S. Department of Treasury and CD.
• Identify the purpose and features of special savings accounts, including savings bonds, CDs, 529 plans, and IDAs.
• Analyze different types of savings accounts.
• Define key terms associated with stocks.
• Describe how to buy and sell stock.
• Read stock market quotes and a stock table.
• Understand the role of a stockbroker.
• List factors that should be considered when buying stock.
• Read stock market quotes and a stock table.

Unit 4: Saving and Investing

• Saving accounts
• Special saving accounts
• Quiz
• Investing vs. saving
• Investment products
• Quiz
• Unit Test