1. Explain the difference between simple interest and compound interest, an d describe why that difference is...

Question:

1. Explain the difference between simple interest and compound interest, an d describe why that difference is critical.
2. What are the two components used when figuring the time value of money?
3. Use Table to calculate the of
(a) $2000 at 5 percent for four years
(b) $45000 at 9 percent for eight years,
(c) $10,000 at 6 percent for ten years. Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...