Todds trust fund pays 500 a month for the next 30 years The

Todd\'s trust fund pays $500 a month for the next 30 years. The current value of these payments is called: Simple amount. Compounded value. Future value. Present value. Single amount.

Solution

Correct answer is Present value.

Present value is the todays value of the some future cash lows,which will be computed based appropriate discounting or interest rate

Todd\'s trust fund pays $500 a month for the next 30 years. The current value of these payments is called: Simple amount. Compounded value. Future value. Presen

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