Question

23 multiple choice 1 point present value is the amount spent to provide someone with a gift last years inflation rate adjusted to todays dollar the amount of money you need to deposit now to attain a desired future amount the current value of a past investment 24 multiple choice 1 point time value of money is best described as an increase in an amount of money as a result of interest or dividends earned what one hour of your time is worth in todays dollars the current value of the dollar the amount of work time needed to make up for inflation

Explanation:

Present value is the current worth of a future sum of money or stream of cash - flows given a specified rate of return. It is the amount of money you need to deposit now to attain a desired future amount. The time - value of money is the concept that money available at the present time is worth more than the identical sum in the future due to its potential earning capacity. An increase in an amount of money as a result of interest or dividends earned best describes the time - value of money.

Answer:

1. the amount of money you need to deposit now to attain a desired future amount
2. an increase in an amount of money as a result of interest or dividends earned