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