Episode 14 — Finance Growth and Decay

Annuities and Investments

Learners will be able to:

• Explain the concept of compound interest and its effect on savings over time. • Compare the impact of delayed saving on retirement funds using a numerical example. • Calculate the difference in retirement savings between two individuals who start saving at different ages. • Identify the importance of starting to save early for long-term financial goals. • Describe how reducing the time of an investment diminishes the impact of compound growth.