Done WEEK 5 ASSIGNMENT_e8343bbeb... Name Actual submission date in moodle Q. 1. What is meant by the term "Time Value of Money" and why is it important ? Q.2. a. What is Present Value ? Write the formula. b. What is Future Value ? Write the formula. Q.3. What are the main elements for calculating time of money? List the elements. a. b. d. Q. 4. Calculate the present value of the following based on simple interest fv (future value) n (number of r(rate of pv (present period) - Year interest) value 1. $1,000 2 .04 ? 2. $1,000 .07 Q. 5. Calculate the future value of the following based on simple interest pv (present value) n (number of fv (future value R (rate of interest) period) - Year 1. $1,000 7 0.09 2. $1,000 8 1.0 ? Q.6. Calculate the future value of the following based on compound interest pv (present value) n (number of R (rate of interest) fv (future value period) - Year 0.06 1. $1,000 2. $1,000 0.07 ? Q.7. Calculate the present value of the following based on compound interest fv (future value) n (number of r(rate of pv (present period) - Year interest) value 1. $1,000 4 .06 ? 2. $1,000 5 .07 3. $1,000 6 .08 ? 4. $1,000 7 .09