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Money and cash flow
Where the Preamble leaves off: the impact of time on money
Module One begins precisely where the Preamble ends. Interest rates allow us to calculate the impact of time on money, and that calculation becomes one of the most useful tools in financial decision making. One of the most basic ideas in finance is that money today is generally worth more than the same amount of money in the future.
2 sample questions. Kit's ten understanding questions replace these before launch.
Question 1 of 2Sample question
You deposit $1,000 at 5% simple annual interest. How much interest is earned after one year?
Question 2 of 2Sample question
A cash flow statement tracks:
Self-check done: 0 of 2 right.
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