Present value is based on
A) the dollar amount to be received.
B) the length of time until the amount is received.
C) the interest rate.
D) All of these answer choices are correct.

Question

Quizplus · Accepted Answer

Present value takes into account the dollar amount to be received, the length of time until the amount is received, and the interest rate. All three factors are important in determining the present value of a future payment.

Present Value Is Based on