Real-Life Math fun! Geometric Series, Compound Interest and Financial Maths II
With this fun activity, students learn valuable real-Life Math lessons.
In this task, (with answer key), students invest $50 at the start of every month and then calculate the value of each $50 at the end of that year. The future value of an annuity like this $50 monthly investment is the real-life application of the sum of a geometric series.
Recurring investments (annuities) is a geometric series. The formula for the sum of a geometric series is therefore also the formula for the future value of an annuity. When students realize this, they never need to try to memorize two formulas. They also make the connection between the 2 sections of mathematics and realize that it is fact the same mathematics.
Arithmetic Sequences, Arithmetic Series, Geometric Sequences, Geometric Series, Compound Interest, Future Value, Present Value, Annuities, Sum of an Arithmetic Series, Sum of a Geometric Series.
You also might not want to miss out on these resources on Financial matters!
If you enjoyed this resource, please leave a REVIEW at your leisure, for other possible buyers to know how you have experienced it. Thank you so much!
Please follow my store here to get notified of all new resources I create
I love to improve my resources, so any constructive feedback from you will be extremely welcome.
Enjoy this resource.