Homework #1 will help you build and develop your understanding of Time Value of Money (Lesson 5/ Chapter 14). I have completed the basics in the first half of the last class and hope to complete the entire chapter in our next class. This homework will be of huge value from the perspective of Test #2, so please make sure you understand and remember all the steps for the different problems. Students find it very easy when I solve the problems in class or when they review the power point slides. It is an entirely different story when you are attempting similar problems in the test. The first few questions can be easily answered based upon the material we have already covered in class. Loan mechanics, IRR & NPV, we shall cover in the next class. Wish you all the best and I encourage you to utilize the office hours if you need help.