The present value is the amount, or initial outlay, at the beginning of the transaction.

Name: The present value is the amount, or initial outlay, at the beginning of the transaction.
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Quizplus · Accepted Answer

The present value refers to the amount of money, or initial outlay, at the start of the transaction or investment. It is the value of expected future cash flows that have been discounted to their current value. Therefore, the present value is the first cash flow in a series of future cash flows.

The Present Value Is the Amount, or Initial Outlay, at the Beginning