Finance

What Is an Annuity? An annuity is a series of equal payments made at equal intervals. Annuity payments … Read More

What Is an Annuity? An annuity is a series of equal payments made at equal intervals. Annuity payments … Read More

Finance is the management of assets under conditions of risk and uncertainty. Throughout this modules we will explore finance … Read More

Amortized loan payments are a combination of interest rate and principal. However, the share of each payment that … Read More

Amortized loans are loans where interest and principal are repaid with a constant series of payments, which are … Read More

When the compounding period is not annual we must be sure to use a periodic interest rate that … Read More

How do we find the remaining principal at the end of each year with an amortized loan repayment … Read More

Sometimes, we want to define what the value is today of sums that we’ll receive in the future. … Read More

Annuities are flows of equal payments that carry on for a set number of periods. If the annuity … Read More

Interest Rate Calculation Formula Here, we’ll use a future value equation to solve for how much a deposit … Read More

You’re probably familiar with homeowner’s or renter’s insurance that protects you personally should something happen to your home … Read More

The purpose of liability insurance is to protect an insured party against unintentional acts or situations that cause … Read More

The Effective Interest Rate (EIR) is the rate you actually earn on your investment after taking into account … Read More

Annual compounding refers to a situation in which interest is paid once per year. It is common for … Read More

Simple interest is easy to compute, but most of the time, we want our interest payments to be … Read More