The present value of a single sum is equal to the amount that, if invested today at the specified discount rate, would return the value of the single sum every year for a specified number of years.

Name: The present value of a single sum is equal to the amount that, if invested today at the specified discount rate, would return the value of the single sum every year for a specified number of years.
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A single-sum is one payment expected to be received in a specified number of years.

The Present Value of a Single Sum Is Equal to the Amount