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This week's reading materials focus on the time value of money.//www.

This week's reading materials focus on the time value of money. After you have reviewed the information in Chapters 3 and 4, please watch this short video, courtesy of Khan Academy,, and answer at least one of the following questions:


  1. What is the time value of money and why it is important in financial decisions?
  2. What is the difference between a growth rate and a discount rate?
  3. Let's say you won the lottery! If you could choose between a lump-sum payoff or an annuity payoff, what factors could influence your decision?


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