Single Payment Formulas - Fundamentals of Engineering Economics (Part 1)

http://www.EngineerInTrainingExam.com In this tutorial, we will reinforce your understanding of Compound Interest and the use of Single Payment Formulas. We will begin by defining a Single Payment Formula, discuss the general work flow, and then run through an example of something we may see on the exam. This is Part 1 of the Single Payment Formula Videos where we use the standard formula rather than the functional notation version of the formula and the compound interest tables.