• Describe one real-life example that shows the manner in which a person can use an annuity for retirement planning.

Finance Basics

“Time Value of Money and Annuity”

• Describe one real-life example that shows the manner in which a person can use an annuity for retirement planning.

• Watch the video titled “The Time Value of Money” from the Teach Me Finance Website, to learn how to calculate the present and future value of money. Create a personal scenario that exemplifies the time value of money that includes the opportunity cost involved.

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