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1. Explain the Following terms and give examples where applicable: Present Value (PV), Future Value (FV) and Compound Interest. 2. Would you rather have

1. Explain the Following terms and give examples where applicable: Present Value (PV), Future Value (FV) and Compound Interest. 2. Would you rather have a savings account that pays 5% interest compounded semi- annually or one that pays 5% interest compounded daily? Explain.

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