Final answer:
The statement is true; the future worth of an infinitely long uniform series of cash flows is indeed called the capitalized value. This concept is important in finance and other fields for evaluating income streams or costs that extend into the future.
Step-by-step explanation:
The statement that the future worth of an infinitely long uniform series of cash flows is called the capitalized value of the series is true. Capitalized value represents the total value of an infinite series of cash flows that are discounted back to the present value. In finance, this concept is particularly relevant when evaluating steady income streams that are expected to continue indefinitely, such as in the case of perpetuities.
Real-world calculations of such present discounted values must consider market interest rates and the risk associated with the borrower's ability to repay the loan, among other factors. This concept is not only relevant in finance but also in other areas, such as when assessing the present discounted value of long-term projects or lottery winnings that stretch into the future.