You will describe two scenarios in which two sets of parents come to you with their financial status. Determine the best way for them to invest their funds in preparation for their children's college education. Use logarithm functions to express the interest compounded annually and use a graph format to show how long it will take to accumulate 'x' amount of dollars.

Performance Task

Prepare a 2 page summary of your findings. Create two scenarios in which two different sets of parents with two different financial needs/status and discuss what you would advise as their financial adviser. Include the following in your findings:

A current financial quote of each family, including savings, salaries, etc.
A current average college tuition based on the families projected 'ideas' of what kind of colleges their children will attend.
This does not have to be REAL, but if you are interested in attending college, look up some of the colleges you would go to and find their tuition! This is a great opportunity to explore some college options and costs.
Current interest compounded annually on different investments.
A exponential function that expresses the investment that you are advising.
A graphic display of the interest compounded annually and the amount of time it will take to reach their goal.
Standards for Success

Student will accurately calculate today's average college tuition.
Student will describe the chosen investment advised for each family.
Student will accurately calculate the interest on the chosen investment.
Student will use an appropriate exponential function that expresses the investment opportunity.
Student will use an appropriate graphic display to show the investment growth.