Lesson+Objectives

This lesson was designed for Algebra 1 students [8th-9th Grade]. __**Objectives **__ Students will
 * Apply models of exponential growth and decay to situations that occur outside of the classroom.
 * Use online tools (NCTM Compound Interest Simulator) to help simulate different conditions.
 * Increase financial literacy pertaining to investing, credit cards, and car depreciation.

__**Standards Addressed **__ PA State Standards **A1.1.1.3.1:** Simplify/evaluate expressions involving properties/laws of exponents, roots and/or absolute value to solve problems (exponents should be integers from -10 to 10).

NETS for Students  c. Use models and simulations to explore complex systems and issues  c. Collect and analyze data to identify solutions and/or make informed decisions
 * 1. Creativity and Innovation **
 * 4. Critical Thinking, Problem Solving, and Decision Making **

__**Resources Used **__  <span style="font-family: 'Trebuchet MS',Helvetica,sans-serif;">Purplemath - Students can use to review exponential functions before beginning exercise <span style="font-family: 'Trebuchet MS',Helvetica,sans-serif;">The Phrase Finder - Origin and meaning of quote about saving, Quote is often incorrectly attributed to Benjamin Franklin <span style="font-family: 'Trebuchet MS',Helvetica,sans-serif;">Financial Planning Advices - Explains the differences of CDs and savings accounts as well as the benefits and drawbacks of each <span style="font-family: 'Trebuchet MS',Helvetica,sans-serif;">Bankrate.com - Displays up-to-date information on rates and other information for CDs and savings accounts <span style="font-family: 'Trebuchet MS',Helvetica,sans-serif;">Compound Interest Simulator - Used for calculations involving savings accounts and credit card payments <span style="font-family: 'Trebuchet MS',Helvetica,sans-serif;">Indiana Bat Information - Used for researching the estimated population of this species <span style="font-family: 'Trebuchet MS',Helvetica,sans-serif;">Capital One, Citi , and Discover - Different student credit card options <span style="font-family: 'Trebuchet MS',Helvetica,sans-serif;">Carsforsale.com - Search for used car to buy <span style="font-family: 'Trebuchet MS',Helvetica,sans-serif;">AutoTrader.com - Used to research the original sale price of cars <span style="font-family: 'Trebuchet MS',Helvetica,sans-serif;">Flickr - Creative Commons images