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The process for converting present values into future values is called compounding w . This process requires knowledge of the values of three of four
The process for converting present values into future values is called compounding w . This process requires knowledge of the values of three of four time-value-of-money variables. Which of the following is not one of these variables? The interest rate (I) that could be earned by deposited funds O The duration of the deposit (N) The trend between the present and future values of an investment The present value (PV) of the amount deposited
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