Question: What is the first step a student should do when approaching a Time Value of Money calculation. Question 1 8 options: Draw a timeline that

What is the first step a student should do when approaching a Time Value of Money calculation.
Question 18 options:
Draw a timeline that includes the dates, time periods, amounts of money and interest rates if they change during the time of the timeline.
Write down what is given (i.e. PV, FV, PMT, N, and I/Y)
Write the equation with the numbers.
Convert the "n" and "I" variables to reflect the appropriate compounding, if required.

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