Unformatted text preview: payment or deposit Future value number of payments per year number of compoundings per year Below are two examples from the book. One is a savings problem and one is loan problem. Compare the answers with what the book gives. Example 1 page 156. Press ALPHA ENTER get Example 1 page 165 Press ALPHA ENTER get Notice that for saving the present value is 0 (start the account with nothing) and for loan the future value is 0. (When loan is paid off you owe nothing.)...
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This note was uploaded on 10/18/2011 for the course MGF 1107 taught by Professor Jameslang during the Fall '11 term at Valencia.
- Fall '11