LO5-01: Explain the difference between simple and compound interest.
LO5-02: Compute the future value of a single amount.
LO5-03: Compute the present value of a single amount.
LO5-04: Solve for either the interest rate or the number of compounding periods when present value and future value of a single amount are known.
LO5-05: Apply present value techniques in the valuation of notes.
LO5-06: Explain the difference between an ordinary annuity and an annuity due situation.
LO5-07: Compute the future value of both an ordinary annuity and an annuity due.
LO5-08: Compute the present value of an ordinary annuity, an annuity due, and a deferred annuity.
LO5-09: Solve for unknown values in annuity situations involving present value.