Savings Account Spreadsheet

 

Procedure: 

Calculating Compound Interest

1.  Open the spreadsheet

2.  SAVE it to your H drive

3.  Open it from your H drive.  (If you do not save it to your H drive you will not be able to enter data.)

4.  Using the worksheet attached, type the information about each person’s savings account into each register on the spreadsheet.  The spreadsheet will compute the compound interest for you automatically.  Be sure to type information in carefully!

5.  Print your completed spreadsheet.  Be sure you put your NAME on it!

6.  On the back of your print-out, do problem #11 by hand (you may want to refer to your notes or your textbook).  There should be several steps!!  You may use a calculator, but you must SHOW ALL WORK!!  Remember, your answer should match the print-out answer (within a penny or two)!!

 

Created by Liza Zandonella, Library Media Specialist.