Thursday, October 10, 2013

Hey it's John, sorry for not post Tuesday - Wednesday (October 8 - 9) and Thursday (October 10).
On Tuesday's class we learned about The Budgeting Process and the Consumers Law, Mr. P,  had explained this law. On Wednesday we finished up learning about The Budgeting Process

Conservative Budget:
 > Underestimates income and overestimates expenses.
Surplus:
 > Amount of something left over when requirements have been met.
 > More than what is needed or used; excess.
Deficit:
 > The amount by which something, especially a sum of money, is too small.
 > An excess of liabilities over income or assets in a given period.

Thursday (October 10): 

A = P \left(1 + \frac{r}{n}\right)^{nt}Thursday morning, another quiz. Fun right? Today after finishing up example 2 by using the Annual Compound formula. We also talked about the usage of a spread sheet.



*Remember that:
   Tomorrow > Presenting "Financial Planning"
   October 15 or 18 > iPhoto Project is due
   End of this unit > Budgeting Project*

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