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30 May, 20:59

The present value of a single sum is: Select one: A. The amount that would be paid today to receive a single amount at a specified date in the future B. The amount that would be paid today to receive a single amount at an unspecified date in the future C. The amount that would be paid at a specified date in the future to receive a single amount today D. The amount that would be paid at an unspecified date in the future to receive a single amount today E. None of the above

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  1. 30 May, 21:54
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    The correct answer is letter "A": The amount that would be paid today to receive a single amount at a specified date in the future.

    Explanation:

    The present value (PV) of a single sum tells us how much a future sum of money is worth today given a specified rate of return. This is an important financial concept based on the principle that money received in a specific time in the future is not worth as much as an equal sum received today.
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