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What is effect of inflation in the value of money

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Reference no: EM133150966

Questions -

Q1. What is inflation?

Q2. What is effect of inflation in the value of money?

Q3. What is interest?

Q4. How does it countermand the effect of inflation?

Q5. What is simple interest?

Q6. What is compound interest?

Q7. What is future value of money?

Q8. How is future value of money computed?

Q9. What is annuity?

Q10. What is the difference between annuity due and ordinary annuity?

Q11. What is present value of money?

Q12. What is discounting?

Q13. Why is there a need to determine future value/present value of money? Give Examples.

Reference no: EM133150966

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