Financial Literacy and Economic Models · Financial Literacy

Interest and Debt

Understanding the mathematical mechanics of simple and compound interest.

Key Questions

  1. 1How does the frequency of compounding affect the total amount of interest paid?
  2. 2Why is debt often described as a claim on future labor?
  3. 3What is the mathematical difference between an investment and an expense?

Ontario Curriculum Expectations

ON: Financial Literacy - Grade 9
Grade: Grade 9
Subject: Mathematics
Unit: Financial Literacy and Economic Models
Period: Financial Literacy

Suggested Methodologies

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