Estimate The Interest Rate

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Posted on December 28, 2018 at 21:13 PM

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Introduction to the Present Value of a Single Amount (PV) If you received $100 today and deposited it into a savings account, it would grow over time to be worth more than $100. This fact of financial life is a result of the time value of money, a concept which says it's more valuable to receive $100 now rather than a year from now. To put it another way, the present value of receiving $100 ...

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