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Think of the Time Value of Money concepts and calculations. Give a practical example of an item that loses value as time passes. Provide an

Think of the Time Value of Money concepts and calculations.

  1. Give a practical example of an item that loses value as time passes.
  2. Provide an everyday example of where you will use Time Value of Money calculations to determine, the present or future value of any type of annuity. (Clearly indicate of the annuity is an annuity due/ ordinary annuity or perpetuity.

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