Question

Define present value.a. The present value is the value today of a sum of money to be received in the future and in general is less than the future value.b. The present value is the value today of a sum of money to be received in the future and in general is greater than the future value.c. The present value is the value today of a sum of money to be received in the future and in general is equal to the future value.d. The present value is the value in the future of a sum of money to be received today and in general is less than the future value.e. The present value is the value in the future of a sum of money to be received today and in general is greater than the future value.

Answer 1

D. The present value is the value in the future of a sum of money to be received today and in general is less than the future value

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