Lecture 9 Financial Functions
Lecture 9 Financial Functions
Objectives:
Understanding and using
Financial Functions
• the time value of money
• PV, FV, Rate, NPER, PMT
• problem solving
first year.
Year 2: $1000 * 4% $40 in interest for the
second year.
$81.00
$80.00
$79.00
Simple Interest Compound Interest
SimpleInterest CompoundInterest