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The process for converting present values into future values is called . This process requires knowledge of the values of three of four time-value-of-money variables.
The process for converting present values into future values is called . 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 duration of the investment (N) The interest rate (I) that could be earned by invested funds The inflation rate indicating the change in average prices The present value (PV) of the amount invested
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