-Explain whether you would you rather have a savings account that paid interest compounded on a monthly basis or compounded on an annual basis? Why?
-Describe what an amortization schedule is and its uses. Explain the purpose of an amortization schedule.
-Interest on a home mortgage is tax deductible. Explain why interest paid in the early years of a home mortgage is more helpful in reducing taxes than interest paid in later years.
-Explain the difference between an ordinary annuity and an annuity due.
Sample Solution
