Posted: March 30th, 2016

Analyze why it is important for accountants to have an understanding of compound interest, annuities, and present value concepts.

Examine the concept of time value of money.

Analyze why it is important for accountants to have an understanding of compound interest, annuities, and present value concepts.

Examine at least three situations in which accounting measures are based on present values. Determine if these present value applications involve single sums or annuities and justify your answers.