The most basic future value and present value concepts and computations concern single amounts, either present or
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The most basic future value and present value concepts and computations concern single amounts, either present or future amounts. We begin by considering the future value of present amounts. Then we will use the underlying concepts to learn how to determine the present value of future amounts. You will see that although future value is more intuitively appealing, present value is more useful in financial decision making
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