Financial Literacy in Algebra

In Algebra or Algebra 2 during the exponential section it would be a great spot to incorporate some financial literacy.  This would be a great opportunity to expand on compound interest.  It would be a great opportunity for students to research the different methods to save money like checking accounts, savings accounts, and money market accounts.  The students will not only learn how to calculate the amount of money in the accounts after a certain amount of time passes and how long it would take to save a certain amount of money, but have an understanding of the different ways to save and invest money.  This could be further expanded by giving them real life examples of the best saving and investing options for people at various stages in life.  Then give the students more scenarios and have them work together to choose the best option and calculate the interest gained after a certain number of years.