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In the present formula what does i stand for?
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31 votes
In the present formula what does i stand for?

User Ashtee
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7 votes

answer:

Present value (PV) is an accounting term meaning the value today of some amount of money expected to be available one or more years in the future. ... In this formula, PV stands for present value, namely right now, in the year of analysis.

User Raj Tamakuwala
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