Economy & Finance PART 1: FINANCIAL PLANNING Chapter 3

1. Chapter 3 Understanding the Time Value of Money 2. Compound Interest and Future Values Compound interest is interest paid on interest. If you take interest earned on an…

Documents PART 1: FINANCIAL PLANNING Chapter 3 Understanding the Time Value of Money.

Slide 1PART 1: FINANCIAL PLANNING Chapter 3 Understanding the Time Value of Money Slide 2 3-2 Learning Objectives Explain the mechanics of compounding. Use a financial calculator…