Class Date Tuesday September 15, 2009

Today's class will continue with our development of TVM.  After reviewing lump sum PV and FV calculations, along with solving for the interest rate and time, we'll next turn our attention to annuities -- a series of equal cash flows through time.  And so, at the end of Thursday's class you'll be armed with enough information to solve almost any time value problems.

You should be working through the problems at the back of chapter 4.  Complete solutions are available through the online instructor's manual that's available through the course web site.  See the page 'Gaining Access To Textbook Solutions.' 

We'll have a practice PRS question today so bring your units to class.