A. Understand the importance of compound interest and time.
B. Pass an un-graded assessment test with 9 problems
I strongly recommend that you use a computer with Excel (or equivalent program) or borrow or purchase a financial calculator to help you complete these two time value of money sections. Although you can do many of the calculations discussed in this section on a standard calculator, the calculations are much easier to do on a financial calculator. If you have a computer with Excel, you can useLearning Tool 12: An Excel Based Financial Calculator, which is a spreadsheet-based financial calculator freely available on this website. The functions you will need for calculations are also available in other spreadsheet programs. Calculators like the Texas Instruments (TI) Business Analyst II, TI 35 Solar, or Hewlett Packard 10BII can be purchased for under $35 and can be helpful.