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Froggy Jumps
Froggy Jumps

Freddy the Frog's Financial Journey

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Freddy the Frog's Financial Journey

Froggy Jumps

Played 22 %Accuracy 60 Average time 04:46
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Freddy the Frog dreams of reaching the Golden Lily Pad, where he can earn the Golden Coin of Prosperity. However, the pond is filled with many lily pads, and Freddy cannot jump across them without making the right decisions. Every lily pad contains a question or a financial challenge. If Freddy answers correctly, he safely jumps to the next lily pad. If not, he must stay where he is until he finds the correct answer.

Help Freddy cross the pond by answering the questions correctly. Along the way, you may notice that not all savings plans work the same way. Observe the differences carefully because they will help you discover today's lesson.

Created by

Grachel Ann Ignacio
Grachel Ann Ignacio
Philippines

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Freddy the Frog's Financial Journey
 

Froggy Jumps

Freddy the Frog's Financial JourneyOnline version

Freddy the Frog dreams of reaching the Golden Lily Pad, where he can earn the Golden Coin of Prosperity. However, the pond is filled with many lily pads, and Freddy cannot jump across them without making the right decisions. Every lily pad contains a question or a financial challenge. If Freddy answers correctly, he safely jumps to the next lily pad. If not, he must stay where he is until he finds the correct answer. Help Freddy cross the pond by answering the questions correctly. Along the way, you may notice that not all savings plans work the same way. Observe the differences carefully because they will help you discover today's lesson.

by Grachel Ann Ignacio
1

Freddy wants to save coins every month. What do we call a series of equal payments made at regular intervals?

2

Freddy found two ponds. Pond A earns 6% interest compounded monthly. Pond B earns 6% interest compounded quarterly. What does compounded monthly mean?

3

Freddy wants to know when he should make his payments. In an ordinary annuity, payments are made:

4

Freddy discovers two bridges leading to the Golden Lily Pad. Bridge A: Deposit every month; Interest compounds every month Bridge B: Deposit every month; Interest compounds every quarter Which bridge has different payment and compounding periods?

5

Freddy finally reaches the last lily pad before the treasure. "I save every month, but the bank computes my interest every quarter." What do you think happens when the payment interval is different from the compounding period?

 
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