Part 1: What is the difference between "simple" and "compound" interest? What are some of the uses of compound interest in business? What are some of the effects of using compound interest when evaluating future value transactions and calculations?
Part 2: Describe the concepts of PV, FV, PV of an annuity, and FV of an annuity. Briefly list the different methods of solving these problems. What limitations do any of these methods have?