4A.4 Describe, compare and contrast the concepts of future value and present value. Explain the role of

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4A.4 Describe, compare and contrast the concepts of future value and present value. Explain the role of the discount rate in calculating present value.

4A.5 What is an annuity? How can calculation of the future value of an annuity be simplified?

What about the present value of an annuity?

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Fundamentals Of Investing

ISBN: 9781442532885

3rd Edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Scott Smart, Roger Juchau, Donald Ross, Sue Wright

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