| Chapter
Focus |
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| n | Financial
planning must consider the element |
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| of
time. Have a dollar today is worth more |
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| than
receiving it ten years from now because |
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| of
inflation and interest rate. This chapter deals |
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| with
the basics of time value of money. |
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| Because
this is a 1000-level class, I will only |
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| ask
you to learn the basics in this chapter. The |
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| textbook
goes into much more depth so it’s a |
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| good
reference if you would like to learn more. |
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