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Explain the difference between future value and present value. Why is future value a good thing to calculate?

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 4Q

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Explain the difference between future value and present value. Why is future value a good thing to calculate?

Explain the difference between simple interest and compound interest ( minimal 1 paragraph - maximum 2 paragraphs )

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