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ERIC Number: EJ909961
Record Type: Journal
Publication Date: 2010-Dec
Pages: 4
Abstractor: As Provided
Reference Count: 5
ISBN: N/A
ISSN: ISSN-1077-5315
Equivalence: A Crucial Financial Concept for Extension, Consumer, and Investor Education
Straka, Thomas J.
Journal of Extension, v48 n6 Article 6TOT7 Dec 2010
Equivalence is a fundamental concept that is the basis of personal financial planning. Any Extension consumer financial education program would need the concept to explain financial products that involve a series of payments over some length of time (pensions, fixed annuities, and mortgages). A table of annuity factors is presented that can be used in financial planning situations to explain the impact of interest rate and time length on the cash received from these financial products. A set of examples is included to illustrate use of the table. (Contains 1 table.)
Extension Journal, Inc. e-mail: joe-ed@joe.org; Web site: http://www.joe.org
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Adult Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A