What is the essence of future value and present value of both simple annuities and general annuities?
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What is the essence of future value and present value of both simple annuities and general annuities?
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Present value and future value are terms that are frequently used in annuity contracts. The present value of an annuity is the sum that must be invested now to guarantee a desired payment in the future, while its future value is the total that will be achieved over time