RCSC 150B2 Lecture Notes - Lecture 12: Tennessee Ernie Ford, United States Dollar, Interest

57 views2 pages

Document Summary

Bang on the drum all day by todd rundgren. All work and no play by van morrison. Lo 2-1 explain what gives paper currency value and how the federal reserve banks manage its distribution. Lo 2-2 differentiate between simple and compound interest rates and calculate annual percentage yields and the value of paying yourself first. Lo 2-3 calculate the future and present value of lump sums and annuities in order to know what to put aside to meet your personal financial goals. The mint makes it first, it is up to you to make it last ~ errol. What is its competition: us debt clock. The most powerful force in the universe is compound interest ~ albert einstein. ,000 + (1,000 x . 12) = ,120 resulting balance on dec. 31. 12% 4 time periods = 3% per quarter. ,092. 73 + (1,092. 73 x . 03) = ,125. 51 resulting balance on dec. 31.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents