The reason that finding the present value of a future sum of money requires us to discount it, is that:
A)Waiting involves risk
B)We don't know when we shall receive it
C)Inflation will reduce its purchasing power
D)Waiting deprives us of its use

Question

Quizplus · Accepted Answer

The Answer of The reason that finding the present value of a future sum of money requires us to discount it, is that:
A)Waiting involves risk
B)We don't know when we shall receive it
C)Inflation will reduce its purchasing power
D)Waiting deprives us of its use

The Reason That Finding the Present Value of a Future