1. Find the present value of $1000 to be received after 4 years compounded quarterly at a 12%
nominal interest rate.
2. An investment advisor has just presented the following offer. If you deposit $25,000 in her
What is Amortization?
Usually on loans with collaterals.
Payments have a principle and an interest component
During the initial periods the interest component in the loan is higher
and it reduces as time progresses
During the initial
Income and Expenses Statement
Net worth Statement
Use Personal Financial Ratios
Analyses of financial statements with the financial ratios
Education Funding: a primary financial goal
One of the largest financial burdens a family will face
Over past decade, college tuition has increased annual rate of 6%
o Over past decade:
Public college expenses rose 51%
In 2022, 4 yr