Stumpped on Accounting

I need an understanding of a few matters in my accounting class: 1) what are annuities and why is it necessary to calculate there present value? 2) How does the frequency of interest compounding, regardless of the rate of interest or period of accumulatio...

Ms. Sue, Thank you for the websites. I will look into them. I do have another question for you: I do understand the formulas for future value and present value, but I want to make sure that I am on the right track with this one. Future value: $5,000 compo...