What is the difference between future value and present valu

What is the difference between future value and present value? What data do you need to do a future value or present value calculation?

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Solution

Solution:

Present value represents the amount that is to be invested today to get desired payment in future. Future value is the amount that investor will receive on his today\'s investment/periodic annuity over a period of time.

For calculating present value, we need, future cash flows, discount rate and time of future cash flows.

For calculating future value, we need invesment amount / annuity amount, rate of interest and time of investment.