NOTE: This is the older version of this video. The updated version, which has improved audio quality and more up-to-date materials, can be found here:

https://youtu.be/_tcjUK0StSc

This lesson is based off Chapter 8 of the text for Finance 418. Professor Bryan Sudweeks of Brigham Young University teaches this lesson.

All lesson materials are available online at: http://personalfinance.byu.edu/content/time-value-money-1-present-and-future-value-1

Objectives:
1.  Understand the importance compound interest and time.  Pass an assessment test.
2.  Understand what our leaders have said regarding debt
3.  Understand the debt cycle, and why people go into debt
4.  Understand how to develop and use debt reduction strategies