Ask Question
15 June, 10:34

A present sum of money is equivalent to the future sum or series of future sums at a specified interest rate. Group of answer choices True False

+2
Answers (1)
  1. 15 June, 10:46
    0
    False

    Explanation:

    The present value of money concepts show that money changes in value with time (tume value of money). Therefore the present value of money today is the discounted value of future cash flows or "series" of cash flows. This shows that money decreases value with time and the present value of money today is not "equivalent" or greater than money in the future as a result of inflation or some annual rate of return not utilized.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A present sum of money is equivalent to the future sum or series of future sums at a specified interest rate. Group of answer choices True ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers