However, this assumes you’ll invest the $100,000 and let it grow for 10 years. While the PMT variable is used in both equations, it represents the payments you receive from an annuity for present value but the payments you make during accumulation for future value. Keep in mind that the formulas in this article assume…

In that case, a central limit theorem often nonetheless implies that the parameter estimates will be approximately normally distributed so long as the sample is reasonably large. For this reason, given the important property that the error mean is independent of the independent variables, the distribution of the error term is not an important issue…

Without a reliable bookkeeper, you may not have the time or experience to track your franchise revenue and expenses. Poor maintenance your of accounts can lead to cash flow issues and staffing problems due to off-base sales reports. Franchise bookkeeping involves additional audits and compliance checks far beyond what’s involved with an independent small business….

Are the value of your assets and liabilities now zero because of the start of a new year? Your car, electronics, and furniture did not suddenly lose all their value, and unfortunately, you still have outstanding debt. Therefore, these accounts still have a balance in the new year, because they are not closed, and the…