The present value of a long-term note is based on the payment amounts, the length of time until the amounts are paid, and the discount rate.

Name: The present value of a long-term note is based on the payment amounts, the length of time until the amounts are paid, and the discount rate.
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The present value of a long-term note is calculated using the payment amounts, the time until payments are made, and the discount rate to determine the current worth of future cash flows.

The Present Value of a Long-Term Note Is Based on the Payment