© South-Western Educational Publishing Chapter 10 Saving for the Future  Savings Goals and Institutions  Savings Options, Features, and Plans

GOALS © South-Western Educational Publishing Lesson 10.1 Savings Goals and Institutions      

© South-Western Educational Publishing Why You Should Save  Short-term needs  Long-term needs      Financial security

© South-Western Educational Publishing How Your Money Grows    

© South-Western Educational Publishing Compounding Interest Annually Beginning InterestEnding YearBalanceEarned (5%)Balance 1 $100.00$5.00 $

© South-Western Educational Publishing Compounding Interest Quarterly Quarterly Compounding Annual Interest Rate = 6% BeginningQuarterlyQuarterly Interest Ending YearBalanceInterestQ1Q2Q3Q4Balance 1$ $1.50$1.52$1.55 $1.57 $

© South-Western Educational Publishing Where You Can Save     

GOALS © South-Western Educational Publishing Lesson 10.2 Savings Options, Features, and Plans      

© South-Western Educational Publishing Savings Options         

© South-Western Educational Publishing Selecting a Savings Plan     

© South-Western Educational Publishing Saving Regularly  

© South-Western Educational Publishing Compounding Interest and Making Additional Deposits Beginning InterestEnding YearBalance DepositsEarned (5%)Balance 1$ 0.00 $100.00$ 5.00 $