The amount of money that would have to be invested today at a given interest rate over a specific period in order to equal a future amount is called:
A) Future value
B) Present value
C) Future value interest factor
D) Present value interest factor

Question

Quizplus · Accepted Answer

The present value is the amount you need to save at a given interest rate to equal a desired future sum.

The Amount of Money That Would Have to Be Invested