The current worth of future income after it is discounted, to reflect the fact that future dollars are worth less than current dollars, is called

Name: The current worth of future income after it is discounted, to reflect the fact that future dollars are worth less than current dollars, is called
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Question

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The net present value (NPV) of income is the current worth of future income after it is discounted to account for the time value of money, reflecting that future dollars are worth less than current dollars.

The Current Worth of Future Income After It Is Discounted