Discounting is the process of computing the present value of sums of money to be received in the future.

Name: Discounting is the process of computing the present value of sums of money to be received in the future.
Brand: Quizplus
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Quizplus · Accepted Answer

This is a true statement. Discounting involves taking future cash flows and determining their present value, usually by applying an interest rate known as the discount rate. This helps account for the time value of money and allows for more accurate financial analysis and decision-making.

Discounting Is the Process of Computing the Present Value of Sums