1. Define Present Value. 2. Define Future Value. 3. What are present value and future value interest...

Question:

1. Define Present Value.

2. Define Future Value.

3. What are present value and future value interest factors?

Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...