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10. Rates are always quoted monthly semi-annually annually 11. The second principle of the time value of money is the value of an asset today is equal to the future value of its cash flows. the value of an asset today is the present value of its future cash flows. the value of an asset today is the compounded future value of its yield. .

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10. Rates are always quoted monthly semi-annually annually 11. The second principle of the time value of money is the value of an asset today is equal to the future value of its cash flows. the value of an asset today is the present value of its future cash flows. the value of an asset today is the compounded future value of its yield.

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