Which type of computation would a person use to determine current value of a desired amount for the future?
A) Simple interest
B) Future value of a single amount
C) Future value of a series of deposits
D) Present value of a single amount
E) Present value of a series of deposits
Correct Answer:
Verified
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A)discounting.
B)add-on interest.
C)compounding.
D)simple interest.
E)an annuity.
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A)Durable-product
B)Short-term
C)Consumable-product
D)Intangible-purchase
E)Intermediate
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A)
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