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Define the concepts of present value

Task: Please help with the following problem regarding the time value of money.

Problem: Define the concepts of present value and elaborate on your interpretation of their value as assessment tools for an accountant or operator (include an example). Provide at least 300 words.

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## Q : What is the compounded quarterly

A water-skiing boat is purchased for $26,565 quarterly payments to be made for four years with interest at 8% per annum. What is the compounded quarterly?