Business, 03.03.2020 03:55 emilybomar7466
The process for converting present values into future values is called compounding. This process requires knowledge of the values of three of four time-value-of-money variables. Which of the following is not one of these variables?
a. The trend between the present and future values of an investment
b. The interest rate (I) that could be earned by deposited funds
c. The duration of the deposit (N)
d. The present value (PV) of the amount deposited
Answers: 1
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The process for converting present values into future values is called compounding. This process req...
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