Simple vs Compound - Acct 2300, Texas Tech

in Chapter 9 (Video 5 of 10)

15 minutes

Compound interest is the most powerful force in the universe. -Einstein

This Video Mentioned Some Formulas

Future Amount

* PV$1(i, n) (Look this up in the PV$1 Table)

Present Value of a Lump Sum

1	Interest Bearing Notes	8:26
2	Non-interest Bearing Notes	6:16
3	Contingencies	5:58
4	What is Present Value	8:15
5	Simple vs Compound You are here.	14:41
6	PV of a Lump Sum	4:39
7	PV of a Lump Sum	6:09
8	Ordinary Annuity	7:16
9	Purchasing with an Annuity	4:31
10	Finding the Payment	6:07

	Click Here to View All Chapter 9 Problems at Once	View
1	Liability Classification	Easy
2	Contingent Liabilities	Moderate
3	Contingent Liabilities - Warranties	Moderate
4	Purchasing with a Non-Interest Bearing Note	Moderate