What is that characteristic


Problem:

The examples in the text show a unique characteristic (think: sign convention) associated with how the PRESENT VALUE (PV) of a monetary sum (when given) should be expressed when you are solving for future value (FV) of that sum.

Required:

Question 1: What is that characteristic?

Question 2: Why should this characteristic of PV always be precisely true, and therefore meticulously and dogmatically followed, when calculating future value of a monetary sum?

Note: Provide support for your rationale.

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Accounting Basics: What is that characteristic
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