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Q2. (2 marks) (1) Explain what you understand by time value of money What is the Present value of a sum of money? (2 marks)

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Q2. (2 marks) (1) Explain what you understand by time value of money What is the Present value of a sum of money? (2 marks) (ii) (2 marks) (ii) What is the future value of a sum of money? (2 marks) (iv) What is an Annuity due and an Ordinary annuity

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