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This is a question from my finance class. Please give answer in your own words. If you cite please leave a reference no less than 130 words. Please give an example.
Currenly we are talking about two forms of interest simple and compound. While we wait for futher commentary on this topic I would like to discuss something that specifically relates to calcuating present value.
Class who can descrivbe the concept of a discount rate or discounting?
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