203PFM - Is your money working for you?

Inflation & Compound Interest

28095 - Investing

Poll

What is the first thing you will be saving for?

• A car

• A house

• Tertiary education/training

• An overseas trip.

Multiple Choice

What is inflation?

• Taxes paid to government.

• Increase of prices of goods over time.

• Interest you have to pay.

• When products are over-priced.

Multiple Choice

Compound interest is ...

• when the percentage interest you earn increase every year.

• interest of more than 10%.

• when interest earned is transferred to you at the end of every year.

• when interest gets added to your investment.