Rate of return for long term investments

You can become a millionaire by investing under $50 a week for 50 years.

• True

• False

Investing is the same as saving.

• True

• False

If you want to make a lot of money in an investment, it is best if you have a long period for it to grow.

• True

• False

If you invest $100 per month at 15% interest for 10 years,approximately how much will you have total at the end?

• Between $27,000 and $28,000

• Between $12,000 and $14,000

• Between $49,000 and $50,000

• Between $120,000 and $130,000

If you invest $100 per month at 10% interest for 20 years,approximately how much will you have total at the end?

• Between $27,000 and $28,000

• Between $76,000 and $77,000

• Between $49,000 and $50,000

• Between $120,000 and $130,000

If you invest $100 per month at 10% interest for 50 years,approximately how much will you have total at the end?

• Between $27,000 and $28,000

• Between $76,000 and $77,000

• More than $1,500,000

• Between $120,000 and $130,000

If you invest $400 per month at 8% interest for 40 years,approximately how much will you have total at the end?

• More than a million dollars

• More than a billion dollars

• A little bit less than a million dollars

Which of these statements could be the theme of today's lesson?

• If you start early and invest your money, you could be a millionaire eventually.

• It is really hard to become a millionaire in your lifetime.

• You can become a millionaire in the next few years by investing a few dollars a month.

If you want money in the future, why is investing better than saving?

• Investing can help your money get ahead of inflation

• Investing can make your money grow a lot more than just saving can

• Investing takes advantage of the wonder of compound interest

• All of these are true