Financial literacy is the confluence of financial, credit, and debt management knowledge that is necessary to make financially responsible decisions – choices that are integral to our everyday lives.

Explicitly describes or includes all the information: 1. their major, 2. desired job after graduation, 3. desired geographical location for post-graduation job, 4. starting salary, and 5. includes at least 1 source.

Explicitly describes or includes 4 of the 5 required components.

Explicitly describes or includes 3 of the 5 required components.

Explicitly describes or includes 2 of the 5 required components.

Explicitly describes or includes 1 of the 5 required components.

Fails to describe the background information.

Calculations attempted are essentially all successful and sufficiently comprehensive to solve the problem. Calculations are presented clearly, concisely, and error-free. 1. Correctly computed the monthly salary AND included work or explained how the monthly salary was computed. 2. Correctly computed 10% of the monthly salary AND included work or explained how the monthly salary was computed. 3. Reflects on the importance of saving for retirement.

Calculations attempted are essentially all successful and sufficiently comprehensive to solve the problem. Calculations are not presented. 1. Correctly computed the monthly salary. (1 point) 2. Correctly computed 10% of the monthly salary. (1 point) 3. Reflects on the importance of saving for retirement. (3 points)

Calculations attempted are essentially all successful and sufficiently comprehensive to solve the problem. Calculations and reflections are not presented. 1. Correctly computed the monthly salary. (1 point) 2. Correctly computed 10% of the monthly salary. (1 point)

Fails to include any calculations or initial reflections.

Calculations attempted are essentially all successful and sufficiently comprehensive to solve the problem. Calculations are presented clearly, concisely, and error-free. 1. Student explains the formula they chose to use. 2. Student correctly identified all variables. 3. Student correctly computes and shows work for the accumulated amount after 20 years. 4. Student correctly computes and shows work for the accumulated amount after 40 years.

Calculations attempted are essentially all successful and sufficiently comprehensive to solve the problem. Calculations are presented clearly, concisely, and error-free. Student does not show work. 1. Student explains the formula they chose to use. 2. Student correctly identified all variables. 3. Student correctly computes for the accumulated amount after 20 years. 4. Student correctly computes for the accumulated amount after 40 years.

Calculations are attempted but are either unsuccessful or contain multiple errors.

Fails to present calculations.

Student correctly computes and shows work for the difference between the two amounts. Skillfully converts relevant information into an insightful mathematical portrayal in a way that contributes to a further or deeper understanding. Explicitly explains the assignment takeaways.

Completes conversion of information but resulting mathematical portrayal is only partially appropriate. Makes an attempt to reflect on the knowledge but the connections are not clear.

Completes conversion of information but resulting mathematical portrayal is inappropriate or inaccurate.

Fails to convert relevant information into mathematical forms.

The writing follows the defined bibliographic format to accurately cite the sources. Citations are complete and error-free.

The writing follows the defined bibliographic format to cite the sources. Citations are complete but may include minimal errors.

The writing attempts to follow the defined bibliographic format to cite the sources. Citations may be incomplete and/or include errors.

The writing does not follow the defined bibliographic format to cite the sources. Citations may be missing and/or include several errors.

Demonstrates successful organization, content presentation, formatting, and stylistic choices. Used Times New Roman, size 12 font, with double spacing, one-inch margins and includes correct header.

Follows expectations for basic organization, content presentation, formatting, and stylistic choices. Used Times New Roman, size 12 font or 1.25 spacing or one-inch margins.

Attempts to use a consistent system for basic organization and presentation. Ignored Times New Roman, size 12 font, with 1.25 spacing and one-inch margins formatting.

Fails to organize the essay.

Uses graceful, virtually error-free, language that skillfully communicates meaning to readers with clarity and fluency.

Uses language that conveys general meaning to readers although the language may contain some errors.

Uses language that sometimes impedes meaning because of errors in usage.

Fails to use communicative language.

Student submission is on or before the assignment deadline.

Student submission is after the deadline. Note that this includes any assignment submitted one or more minutes after the deadline.