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1. What is time value of money? a. What is the relationship between interest rates and future value? b. What is the relationship between time

1. What is time value of money?

a. What is the relationship between interest rates and future value?

b. What is the relationship between time and future value?

c. What is the relationship between interest rates and present value?

d. What is the relationship between time and present value?

3. What is an annuity? Give some examples of annuities. Distinguish between an annuity and perpetuity.

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