The present value of a future amount of money is the amount that, if invested today, will grow to be as large as that amount when the interest that it will earn is into account.
the calculation that we use to convert a amount of money to its value is called discounting.
a. future; taken;
future; present
b. present; taken;
present; future
c. future; taken;
present; future
d. future; not taken;
future; present
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The present value of a future amount of money is the amount that, if invested today, will grow to be...
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