To determine the present value of any future amount,you need to know

Question

Quizplus · Accepted Answer

To determine the present value of any future amount, you need to know all three variables: the future amount to be received, the interest rate, and when the future amount will be received. Without any of these variables, the calculation of present value cannot be done accurately. Therefore, option D, "All of these answer choices are correct," is the best choice.

To Determine the Present Value of Any Future Amount,you Need