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Explain why present value calculations should be included in an investment appraisal. Describe all input data required to prepare an appraisal and consider how each

Explain why present value calculations should be included in an investment appraisal. Describe all input data
required to prepare an appraisal and consider how each should be estimated. Explain when the annuity
formula should be used, and briefly describe how it is constructed. Conclude by outlining how to determine
the future value of an annuity, and the future value of an annuity due.

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