Explain the meaning of future values vs present values

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Reference no: EM131169534

a) Explain the meaning of future values VS present values calculation in money and banking.

b) Compute the future value of $5,000 deposited annually for 5 years, assuming a 10% annual interest rate compounded once a year. You may want to use the Excel function for computing the future value of an annuity or an FV table of factors.

Reference no: EM131169534

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