The concept of ________ is based on the common-sense notion that a dollar paid to you in the future is less valuable to you than a dollar today.
A)present value
B)future value
C)interest
D)deflation

Question

Quizplus · Accepted Answer

The concept of present value is based on the time value of money. It takes into account the fact that money today is worth more than the same amount of money in the future, due to factors such as inflation and opportunity cost. Present value is used in finance and investment decision-making, to calculate the current value of future cash flows, investments or liabilities.

The Concept of ________ Is Based on the Common-Sense Notion