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Which of the following is a correct statement? The options are: The future value calculation should be used when determining how much an amount today

"Which of the following is a correct statement?"

The options are:

The future value calculation should be used when determining how much an amount today will grow to be in the future.

The present value calculation should be used when determining how much an amount in the future is worth today.

The number of compounding periods and interest rate per compounding period are needed to calculate the future value and the present value.

All of the other answer choices are correct.

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