Ultimate guide to retirement We have the answers to all your questions about what it takes to retire with ease. (more)
Retire without taxes Only one savings plan gives you the chance to free yourself from taxes in retirement. (more)
6 terrific towns on the water Many baby boomers dream of retiring somewhere by the water. These places won't sink your budget. (more)

Are you smarter than a Boy Scout?

To earn what's called the personal management badge, Scouts must know the difference between simple and compound interest and how mutual funds differ from CDs. Could you pass their test?

Score so far: 0 of 10 points
1. Suppose you have $100 to invest. A local bank is offering 10% simple interest on savings accounts while another bank in your town is offering 10% compound interest. How much will you have after 10 years if you earn compound interest?
a) $110
b) $259
c) $175
d) $126

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.