FCS 3400
Savings Assignment

Find an internet site which will calculate how your savings will increase over time. Select an amount that you could reasonably save each month, and calculate how much money you would have in 5 year, 10 years, 25 years, and 50 years if you saved the determined amount (each month) at 4%, 5%, 6%, and 10% interest.

Using the information gathered, complete the form below and turn in at the beginning of class on the date specified on the syllabus. (In each cell on the form write the TOTAL amount of money you would have if you invested the money - - include both principal and interest.)

Fill in ALL the blanks below.

Name of internet site used ______________________________

URL of internet site: http://_______________________________

Present value	________________		Frequency of investment: (circle one)
Amount to be invested	________________		One time investment
			Monthly investment
			Annual investment

	5 years	10 years	25 years	50 years
4%
5%
6%
10%

If you earned NO interest on the money for 50 years, how much money would you have? _____________

* Using a search engine (Yahoo, Infoseek, etc.) type in "savings calculator."
* Do NOT use a site that requires a user name and/or password.
* Do NOT use a site that requires you to enter information about taxes.

***This assignment will be graded by entering the information above into the internet site you indicate.
Be sure you enter the above information into the computer!***

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