Question: Q4) (20 points) Thinks First, then Answer. a) What is time value of money and why it's important b) Given that PV depend on r

Q4) (20 points) Thinks First, then Answer. a) What is time value of money and why it's important b) Given that PV depend on r and t, explain how your choice to invest perpetuity or annuity will change given the value oft and r. Clearly explain

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