Solving College Savings with Compound Interest

Solving College Savings with Compound Interest

Assessment

Interactive Video

Mathematics

9th - 10th Grade

Hard

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The video tutorial teaches how to write and solve a system of nonlinear inequalities using the compound interest formula. It uses a real-life scenario involving the Heskett family, who plan to invest for their daughters' education. The tutorial covers the basics of compound interest, including principal, interest rate, and compounding frequency. It then explains how to graph the investment equations and analyze constraints to ensure sufficient funds for college. The video concludes with recommendations for the Heskett family, highlighting the importance of strategic financial planning.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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