Homework Hints 11-7

[tippy title=”Problems 1-3″]Problems 1-3
There are many problems throughout the text labeled IN YOUR OWN WORDS. Just relax; do not be afraid to give your opinion. For the most part, these questions do not have “right” or “wrong” answers. You … See the whole entry

Section 11.7: Summary of Financial Formulas

11.7 Outline

  1. Definition of variables
  2. Classification of financial formulas
    1. simple interest formula
    2. compound interest formula
    3. future value problem
    4. present value problem
    5. ordinary annuity
    6. present value of an annuity
    7. sinking fund
    8. amortization

11.7 Essential Ideas

11.7.1See the whole entry