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1. How is the future value related to the present value of a single sum?
2. How is the present value of a single sum related to the present value of an annuity?
3. Why does money have a time value?
4. Does inflation have anything to do with making a dollar today worth more than a dollar tomorrow?
5. What is a deferred annuity?
Solution
Note : As per the Q&A guideline we are required to answer the first question only . please post the remaining questions again to be answered by other expert
Answer to Question 1
Concept
Time value of money
Time value of money means money has the value of time incorporated within itself
The value of money today is not equal to the value of money tomorrow
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- If you calculated the value of an ordinary annuity, how could you find the value ofthe corresponding annuity due?How would an increase in the interest rate effect the present value of an annuity problem (all other variables remain the same)If you know the present value of an ordinary annuity, how can you find the PV of thecorresponding annuity due?