8 - 1 Copyright © 2002 by Harcourt, Inc.All rights reserved. Future value Present value Rates of return Amortization CHAPTER 8 Time Value of Money.
The Time Value of Money Chapter 5. LEARNING OBJECTIVES 1. Explain the mechanics of compounding when invested. 2. Present value and future value. 3. Ordinary.
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1 Chapter 2: Time Value of Money Future value Present value Rates of return Amortization.
Review of the previous lecture 1. Fractional reserve banking creates money because each dollar of reserves generates many dollars of demand deposits. 2.The.
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