Who Will Be a Millionaire
Activity
Most of us only dream of being a millionaire. Here's your chance to play with the possibility. Pretend you own a business for 20 years. The chart below is a summary of all your yearly investments. All you have to do is fill in the chart completely, then add up the total investment earnings at the end of 20 years. Click HERE to learn how to figure those investments. We know that it's essential to diversify investments. You don't want everything in stocks, it's too risky. So we've set the investment types for you. We made sure to invest in the municipal bonds at the start because they need to sit for ten or twenty years before you can cash them in. We also put some money into regular savings just to be able to get at quickly for emergency purposes, (this is known as being "liquid"). Finally, to put an element of chance into your investments we'll let you roll a dice to determine the amount you invest each year. Print the table below in landscape format and have fun seeing if you'll be a MILLIONAIRE! |
Enter your name here:
|
Write the name of your business here: | Write what your business does here: | ||||
End
of year
|
Roll the die and multiply by the no. in the box to find out how much you invest this year. Then write it in this column. |
Investment
Type
|
%
|
No
of Years Invested
|
Formula
(initial investment)(1+%as a decimal)^(years invested) |
Value
at end of business
|
1
|
[324]
|
municipal
bond
|
6
|
19
|
$ | |
2
|
[500]
|
regular savings
|
2.5
|
18
|
$ | |
3
|
[780]
|
stocks
|
15
|
17
|
$ | |
4
|
[1,200]
|
stocks
|
15
|
16
|
$ | |
5
|
[500]
|
regular
savings |
3
|
15
|
$ | |
6
|
[750]
|
CD
|
6.12
|
14
|
$ | |
7
|
[1,900]
|
CD
|
5.89
|
13
|
$ | |
8
|
[3,000]
|
stocks
|
15
|
12
|
$ | |
9
|
[2,000]
|
stocks
|
15
|
11
|
$ | |
10 |
[4,250]
|
municipal
bond
|
6
|
10
|
$ | |
11
|
[3,000]
|
stocks
|
15
|
9
|
$ | |
12
|
[5,000]
|
CD
|
6
|
8
|
$ | |
13
|
[2,425]
|
stocks
|
15
|
7
|
$ | |
14
|
[4,000]
|
stocks
|
15
|
6
|
$ | |
15
|
[4,500]
|
CD
|
5.9
|
5
|
$ | |
16
|
[3,000] |
stocks
|
15
|
4
|
$ | |
17
|
[7,000]
|
regular savings
|
3.1
|
3
|
$ | |
18
|
[10,000]
|
CD
|
5.5
|
2
|
$ | |
19
|
[17,000]
|
CD
|
6.25
|
1
|
$ | |
20
|
[24,954]
|
CD
|
4.9
|
0
|
$ | |
Total Investments are Worth: | $ |
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