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Theory questions. Answer briefly a. Where do we use Present Value. Give three examples and explain how PV is used in these fields b. Compare

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Theory questions. Answer briefly a. Where do we use Present Value. Give three examples and explain how PV is used in these fields b. Compare with examples the difference between compounding and discounting. c. What is effective annual rate and why is it important in financial decision making? d. What is time value of money and why is it important to know it in business

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