1. Explain what is the difference between "simple" and "compound" interest? Provide some of the uses of compound interest in business. What are the effects of using compound interest when evaluating future value transactions and calculations.
3. How is a home mortgage an example of TVM? How can you show that more interest is paid at the beginning of a loan period than at the end?© BrainMass Inc. brainmass.com October 9, 2019, 6:59 pm ad1c9bdddf
Answers to questions on simple and compound interest, present value and Time Value of Money (TVM).