Financial Slide Rule Calculator Assignment #2: Why Save for Retirement?

Objective: Students will create a table from the personal finance slide rule calculator, Why Save for Retirement?, to fully appreciate the effects of compound interest as a “friend” (earnings on investment earnings). The calculators are available from Dr. O’Neill at $2 apiece and are yours to keep.

Format: One-page paper (single spaced, double space between paragraphs).

Content of Paper:

• Create a 5 (columns) x 6 (rows) table in Word using information found in both sides of the Why Save for Retirement? slide rule calculator. Include the key variables in the calculator (Hint: age, weekly investment, account size, dollar cost of a year’s delay) to develop your table. Use the first row for column headings as shown below:

• Under the table, write a brief description of its "take home message." Describe the relationships between the numbers in the table and what you learned from this activity. Include information that you've read in assigned readings or learned in class to illustrate your key points

Instructor: Dr. Barbara O'Neill, CFP®, Extension Specialist in Financial Resource Management and Professor II
Office: Room 107, Cook Office Building, 55 Dudley Road, New Brunswick, NJ 08901
Phone: 732-932-9155 x250
E-Mail: oneill@aesop.rutgers.edu
Web Page: njaes.rutgers.edu/money | investing.rutgers.edu