CCP ENGLISH

Week 1

Savings Calculator Worksheet

Go to:

http://www.bankrate.com/calculators/savings/simple-savings-calculator.aspx

Set the calculator with a $2,500.00 deposit and a $200.00 monthly deposit.

Use monthly compounding (default).

To answer the first column first cell set the interest at 5% and the years at 5 years. Calculate.

Continue this method for each cell and all columns.

Fill out the table below

Years	5%	7%	10%	12%
5
10
20
30

For full credit, all cells must be completed accurately. Be careful that you fill the right amounts into the calculator!