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As Soon as Rashidat Caught a Whiff of the Cologne

question 98

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As soon as Rashidat caught a whiff of the cologne of the woman sitting in front of him in class, he was attracted to her. Though she was a complete stranger, her smell was familiar. He was unable to place the smell, but it brought back good memories. Why?

Understand the implications of simple interest and how it is calculated over different time periods.
Apply the perpetuity formula to calculate both the present value of perpetuity payments and the payments needed to achieve a certain rate of return.
Perform calculations for loan payments and interest under different terms and rates.
Understand the effects of inflation on investment withdrawals and calculate real withdrawal amounts.

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