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Question: What is time value of money?
Why is it important in personal financial planning?
Discuss the application of time value of money concept in personal financial planning with examples.
i. How much would you have in savings if you kept $200 on deposit for eight years at 8%, compounded annually?
ii. How much would you have in savings if you kept $200 on deposit for eight years at 8%, compounded semi-annually?
iii. How much would you have in savings if you kept $200 on deposit for eight years at 8%, compounded quarterly?
iv. How much would you have in savings if you kept $200 on deposit for eight years at 8%, compounded monthly?
Financial Statement Analysis and Preparation
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Computation of Free Cash Flow
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