The ____ value of an amount is the value of that amount on a particular date prior to the time the amount is paid or received.

Question

Quizplus · Accepted Answer

The term used in the question, "prior to the time the amount is paid or received," indicates that we are referring to the present value of an amount. In financial terms, present value is the value of future cash flows discounted to the current date, and it is widely used in financial modeling, investment analysis and decision making. Therefore, the correct choice is A) present. Choices B, C, and D are not correct, as they do not specifically refer to the concept of present value in finance.

The ____ Value of an Amount Is the Value of That