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a) What is the relationship between PV and FV and how are they calculated? (10 Marks) b) You want to purchase a new TV and

a) What is the relationship between PV and FV and how are they calculated? (10 Marks)

b) You want to purchase a new TV and you are willing to pay $2,000. If you can invest at 10% per year and you currently have $1,500, how long will it be before you have enough money to pay cash for the TV? (10 Marks)

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