Would you rather have $10,000 a week or $10 million all at once?
What kinds of things do we need to think about or factor in when making this decision? If you had to advise the winner of this drawing, what information would you need to help you determine what they should choose?
How does $10,000 compare to $10 million? Why is that important to consider in this problem?
How do life-expectancies, taxes and investments factor into this problem?
The activity: 10Thousand-10Million.pdf, updated!
CCSS: 5.NBT.A.1,5.NBT.A.2, 6.RP.3, 7.RP.3,.HSF.LE.A.1 & possibly all the practice standards. This is activity is really accessible to student elementary through high school with varying depth of study.
For members we have an editable Word docx and our solutions.
Thanks to Michelle Czlapinski for the idea for this post.