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

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

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

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

5. © South-Western Educational Publishing Compounding Interest Annually Beginning InterestEnding YearBalanceEarned (5%)Balance 1 $100.00$5.00 $105.00 2 105.005.25 110.25 3 110.255.51 115.76

6. © South-Western Educational Publishing Compounding Interest Quarterly Quarterly Compounding Annual Interest Rate = 6% BeginningQuarterlyQuarterly Interest Ending YearBalanceInterestQ1Q2Q3Q4Balance 1$100.00.015$1.50$1.52$1.55 $1.57 $106.14 2106.14.0151.591.621.64 1.66 112.65 3112.65.0151.691.721.74 1.77 119.57

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

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

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

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

11. © South-Western Educational Publishing Saving Regularly  

12. © South-Western Educational Publishing Compounding Interest and Making Additional Deposits Beginning InterestEnding YearBalance DepositsEarned (5%)Balance 1$ 0.00 $100.00$ 5.00 $105.00 2105.00 100.0010.25 215.25 3215.25 100.0015.76 333.01 4331.01 100.0021.55 452.56