Present value is the current value of an amount of money desired in the future based on an interest rate and a certain time period.

Name: Present value is the current value of an amount of money desired in the future based on an interest rate and a certain time period.
Brand: Quizplus
Rating: 4.7 (43 reviews)

Question

Quizplus · Accepted Answer

This is a correct definition of present value. It is the value of a future sum of money that has been discounted to reflect its current worth, given an assumed rate of return over time.

Present Value Is the Current Value of an Amount of Money