The correct answer is d. present value.
Present value is the amount of money you would need to invest today at a certain interest rate to obtain a specified sum in the future.
a. fair value.
b. compound value.
c. future value.
d. present value.
e. beginning value.
1 answer
The correct answer is d. present value.
Present value is the amount of money you would need to invest today at a certain interest rate to obtain a specified sum in the future.