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June 26, 2021

Describe present value and future value in detail. Describe an annuity in detail. Describe compound interest

Describe present value and future value in detail. Describe an annuity in detail. Describe compound interest and simple interest. Describe effective annual rate. Describe an amortization schedule and how principal payments change over time in this table. You are 22 years old and just landed your first job after college, explain how you should save for retirement using some of the concepts you learned in this chapter?

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