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Essay's paper info
Topic: |
Business
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Number of pages / Number of words: |
4 / 1039 |
Essay's paper body
The power of compounding can have an amazing effect on the accumulation of wealth.
Money held denies its power to earn. Future Value is the amount of money that an investment made today (the present value) will grow to by some future date. Since money has time value, we obviously expect the future value to be greater than the present value...
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Future Value is the amount of money that an investment made today (the present value) will grow to by some future date. Since money has time value, we obviously expect the future value to be greater than the present value. The difference between the two depends on the number of compounding periods involved and the going interest rate...
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