Serial Payments

Serial payment is really a term of art. It is a payment that increases each period to keep up with inflation. Assume the following information: Read More

Should I use my HP-12C or should I use formulas when answering a TVM question?

If Joe invested $3,250 for 5 years at a rate of 6%, and his marginal tax bracket is 35%, what would his accumulation be after taxes? Read More