4. Explain the concept of present value and future value. While evaluating the profitability and repayment schedule

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4. Explain the concept of present value and future value. While evaluating the profitability and repayment schedule of various projects use the following concepts:

(a) Future value factor, FVFn,r

(b) Future value annuity factor, FVAFn,r

(c) Present value factor, PVFn,r

(d) Present value annuity factor, PVAFn,r

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