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A few questions to get us started with our studies on the Time Value of Money , please explain in details. What effect do interest

A few questions to get us started with our studies on the Time Value of Money , please explain in details.

  1. What effect do interest rates have on the calculation of future and present values?
  2. How does the length of time affect future and present value?
  3. How do these two factors correlate...or do they?

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