The amount today that would be needed, at prevailing... - Solved MCQs & Answer

965EconomicsMedium

The amount today that would be needed, at prevailing interest rates, to produce a particular sum in the future is known as?

Acompound value

Bbeginning value

Cfuture value

Dfair value

Epresent value

Correct answer

E. present value

Explanation

The correct answer is present value.

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