Formula for determining the future value of a single sum

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Reference no: EM131306998

1. Future Value Formula. What is the formula for determining the future value of a single sum when using the future value interest factor table? What information must be known in order to find the correct future value interest factor?

2. Discounting. What is discounting?

3. Present Value. Describe some instances when determining the present value of an amount is useful.

Reference no: EM131306998

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