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Can you explain the difference between compounding and discounting?

Financial Management Costing
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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/03/14
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Muhammad Iqbal
by Muhammad Iqbal , Treasury/Accounting Analyst/Cost Controller , Yanbu Aramco Sinopec Refining Company Limited (YASREF)

Discounting is PV of amount to be received in Future while Compounding is The process of accumulating the time value of money forward in time.

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