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QUESTION 5 Money has time value; that is, a ringgit today is worth more than a ringgit tomorrow. Time value of money and the uses

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QUESTION 5 Money has time value; that is, a ringgit today is worth more than a ringgit tomorrow. Time value of money and the uses of compound interest in various financial fields is applied to the valuation of different securities, loans, instalment purchases, savings, insurance and investments. Explain in details the terms "future value" and "present value

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