**Class Work**: Students worked in their Stock Market Experience Teams to manage their portfolios. Turn in a Team Journal

**Objective:** Students will learn how to calculate compound interest for annual, semiannual, quarterly and daily compounding using the Compound Interest Formula. Students will explain the difference between the result of simple interest calculations and compound interest. Students will learn to use the continuous compounding interest formula as well, then compare results of different types of compounding in writing.

Read pages 143 – 147 and 150 – 153 in Financial Algebra

**Assignment:** Financial Algebra, p. 148 # 2 – 7, 10, 11 p. 154 #4,5,6,7,9