Question: How would you explain the difference between (net) present value vs future value? What is present value? What is future value? Give examples. Note: When
How would you explain the difference between (net) present value vs future value? What is present value? What is future value? Give examples. Note: When dealing with net present values and future values, think direction. Net present values have interest, I = PxRxT, and interest is at the end. Future values calculates a discount at the beginning of the period, no time value yet. In the future, the discount becomes interest as time goes by
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