Understanding Compound Interest
Overview
This lesson equips you with the knowledge and tools to harness the power of compound interest to build wealth over time. By understanding how compound interest works, you’ll learn to calculate future value, use the Rule of 72, analyze growth potential, and make informed investment decisions.
Big Idea
Compound interest can have a major impact on your financial future. By starting early and making smart investment choices, even small contributions can grow into substantial wealth over time.
Guided Questions
- What are the key considerations for making an informed investment decisions?
- What is compound interest?
- What is the Rule of 72?
- What formula is used to calculate future wealth?
Access This Lesson
If you’re a CFFL Community Member, make sure you’re logged in to download the worksheet and the full, in-depth lesson presentation below.
Not a member yet? You can still get started by downloading the worksheet version of this lesson.
Please note: Registering does not automatically grant access to full lessons. Full access is only available to approved CFFL partners, HBCUs, or participating community members.
Join Our Community: Want to become a partner, community member, or learn more?
Visit our Get Involved page to connect with us.