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5. What is meant by the present value of a future amount? What is the general equation for present value? 6. What effect does increasing

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5. What is meant by the present value of a future amount"? What is the general equation for present value? 6. What effect does increasing the required return have on the present value of a future amount? Why? 7. How are present value and future value calculations related? 8. What is the difference between an ordinary annuity and an annuity due? Which is more valuable? Why

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