To determine the present value of a single amount to be received or paid at a future time you need to know all of the following except:
A)The interest rate or discount rate.
B)The number of periods.
C)The future value.
D)The time between periods.

Question

Quizplus · Accepted Answer

The time between periods is not necessary to determine the present value of a single amount; what's needed is the interest rate, the number of periods until the payment or receipt, and the future value of the amount.

To Determine the Present Value of a Single Amount to Be