what two factors must be considered to conclude that $2 today is same to $5 at some period in the future
Future value = P×(1+r)^n
P is payment
r is interest rate per period
n is number of periods
Future value of present sum is determined by the interest rate and number of years.
Hence, The Time and Interest rate should be considered.
what two factors must be considered to conclude that $2 today is same to $5 at...
Determine what changes are occurring in the economy or concerning labor and regulatory factors that must be considered in the future
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