Accounting Tutoring - COB 241, James Madison University

Videos

1	What is Present Value What does the "present value of money" actually mean? Why are we calculating it and why do we spend so much time talking about it?	8:15
2	Simple vs Compound Compound interest is the most powerful force in the universe. -Einstein	14:41
3	PV of a Lump Sum A lump sum is a single amount of money that we're trying to figure out the value of. $4,000 in ten years is different than $4,000 today. Using the present value of a lump sum, we can figure out how much that $4,000 in ten years will be worth today.	4:39
4	PV of a Lump Sum We're gonna do another PV of a lump sum problem, and this time you need to watch out for the compounding frequency.	6:09
5	Ordinary Annuity An ordinary annuity is just a series of regular payments over some period of time.	7:16
6	Purchasing with an Annuity Often times, a company will buy equipment but not pay for the full amount up front. In this way, a company can purchase equipment using an ordinary annuity.	4:31
7	Finding the Payment If you already know the present value of the annuity, how can you find the payment amount? That's what we'll tackle in this problem.	6:07

		Click Here to View All Topic 10 Problems at Once	View
1		Purchasing with a Non-Interest Bearing Note	Moderate