Discussion Post: Financial Management
• Define and discuss the time value of money in the context of compounding interest.
• Explain what an annuity is and what are the two most common types of annuity. Explain how the present value and future value of an annuity is determined.
• Extend the notion of compounding mentioned in your answer to part "a" above to general situations where compounding is induced by growth, inflation, or deflation.
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.