## 11.6 Outline

- Present value of an annuity
- definition
- formula
- calculator

- Monthly payments
- define amortization
- formula
- calculator
- distinguish add-on simple interest and amortization

- Present value of an annuity
- definition
- formula
- calculator

- Monthly payments
- define amortization
- formula
- calculator
- distinguish add-on simple interest and amortization