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Future Value and Present Value: Using Financial Computing
Author

Craig Bauling
Organization: Wolfram Research, Inc.
Education level

Precollege
Description

Students learn to apply basic financial computations using simple interest rate formulas and interactive demonstrations that provide computational checks. At the end of this lesson, students will be able to:
  • understand Time-Value-of-Money Terminology
  • find the Future Value for a single deposit
  • find the Present Value when given a Future Value


The set of activities contained within follow those presented in John Webber, Math for Business and Life, Fourth Edition, Olympus Publishing Company, 2009, in Unit 10 of the book. Similar activities can be found in other books.

This notebook covers topics that fulfill the following NCTM standards:
  • Grade 6-8: Connections: Recognize and apply mathematics in contexts outside of mathematics
  • Grade 6-8: Problem Solving: Solve problems that arise in mathematics and in other contexts
Subjects

*Business and Economics
*Business and Economics > Finance
*Education > Precollege
*Teaching
Keywords

Business Mathematics, Mathematical Finance, Time-Value-of-Money Terminology, Financial Computing, Future Value, Present Value, Compound Interest, Elementary School, Middle School, High School, Precollege, NCTM
URL

http://www.wolfram.com/solutions/precollege
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FuturePresentValues.nb (237.7 KB) - Mathematica Notebook