BUSN380 Week 1 TCO 1 Notes - Personal Finance Basics & Time value of Money

Analyze a personal financial statement.
Identify opportunity cost.
Measure the time value of money.
Compute the present value of a lump sum and an annuity.
Compute the future value of a lump sum and an annuity.
Explain compounding and discounting

Personal Financial Planning is the process of managing your money to achieve personal economic satisfaction.

The planning process allows you to control your financial situation.

A comprehensive financial plan can enhance the quality of your life and increase your satisfaction by reducing uncertainty about future needs and resources.
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