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Building Your Future: Banking - actuarialfoundation.org

Building Your Future: BankingA Student and Teacher Resource for Financial Literacy Education Copyright 2009, 2011, 2013, 2014, 2015 The Actuarial FoundationAbout This BookPersonal finance is part knowledge and part skill and the Building Your future book series gives students a foundation in both. It addresses knowledge by covering the essential principles of Banking in Book One, financing in Book Two, investing in Book Three, and succeeding in Book Four. The series also addresses the mathematical skills that students need to live a financially healthy life. Students will be able to see the real-world consequences of mastering their finances, which helps them understand the relevance of good mathematical skills.

Building Your Future, Book 1: Savings Accounts 3 Let’s build a spreadsheet to see how your savings account can grow as time passes. You open a savings account with $1,000. You do not make any additional deposits or withdrawals. The money stays in the account for a year. At the end of that time, your account balance will be more than $1,000. ...

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