17.  In a paragraph, no bullet, points please answer the question and follow the instructions. Give only the solution: Use the Feynman technique throughout. Assume that you’re explaining the answer to someone who doesn’t know the topic at all.  Explain the difference between present value and future value. Be sure to use and explain the mathematical formulas for both. How does one interpret these formulas?

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter14: Investment, The Capital Market, And The Wealth Of Nations
Section: Chapter Questions
Problem 10CQ
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17. 

In a paragraph, no bullet, points please answer the question and follow the instructions. Give only the solution:

Use the Feynman technique throughout. Assume that you’re explaining the answer to someone who doesn’t know the topic at all. 

Explain the difference between present value and future value. Be sure to use and explain the mathematical formulas for both. How does one interpret these formulas? 

 

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