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.

Name: 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.
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Question

Quizplus · Accepted Answer

Present value is determined by the dollar amount to be received, the length of time until it is received, and the interest rate, as all these factors affect the discounting process.

Present Value Is Based on