Description
FIRE stands for Financial Independence, Retire Early. FIRE savers use investments to help generate additional income so that they can meet their savings goals sooner and to have passive income streams after retirement. Students learn more by completing Level 3 of this applied problem set.
This three-tiered application problem set can be used to differentiate or scaffold the learning.
- Level 1 -- Model an investing strategy by writing an exponential equation and then converting to a log and using change of base
- Level 2 -- Watch a Rule of 72 video, use logarithms, and then perform a percent error calculation
- Level 3 -- Solve a more complex log problem to analyze a FIRE movement investor strategy
An answer key is available here: Application FA-6.6 Answer Key
This application problem set is part of a FREE Financial Algebra course, with ten units blending core personal finance topics with math concepts, answering the age-old question, "When am I going to use math in real life?" withconfidence. ngpf.org/math/financial-algebra
Highlights
Description
FIRE stands for Financial Independence, Retire Early. FIRE savers use investments to help generate additional income so that they can meet their savings goals sooner and to have passive income streams after retirement. Students learn more by completing Level 3 of this applied problem set.
This three-tiered application problem set can be used to differentiate or scaffold the learning.
- Level 1 -- Model an investing strategy by writing an exponential equation and then converting to a log and using change of base
- Level 2 -- Watch a Rule of 72 video, use logarithms, and then perform a percent error calculation
- Level 3 -- Solve a more complex log problem to analyze a FIRE movement investor strategy
An answer key is available here: Application FA-6.6 Answer Key
This application problem set is part of a FREE Financial Algebra course, with ten units blending core personal finance topics with math concepts, answering the age-old question, "When am I going to use math in real life?" withconfidence. ngpf.org/math/financial-algebra
