Finance – 5/27/2009

Today we forged ahead in Chapter 5, dealing with the time value of money.  Today’s topic was annuities, which basically means an arrangement where you either pay or receive payments on a regular basis.  We went over several formulas which let us discover what the future value of an annuity would be, the present value of an annuity and figuring out the payment given a present value and a goal in mind (future value with a time).

Homework:

• Because I put you through that Noel-Levitz survey, I’m going to spare you any homework this week.  You’re welcome!