Question

question
lo 1 the term present value means
answer
the value on a given date of a future payment or series of future
payments, compounded to reflect the time value of money
the value on a given date of a present payment or series of future
payments, compounded to reflect the time value of money
the value on a given date of a future payment or series of future
payments, discounted to reflect the time value of money
the sum of money that a given current investment will be worth at a
specified time in the future, assuming a certain interest rate
i dont know yet

Explanation:

The present value concept is based on the time - value of money. It involves discounting future cash flows (not compounding as in the case of future - value - like compounding). The present value is calculated by taking a future payment or series of future payments and discounting them (using an appropriate discount rate) to find their equivalent value at a given present date.

Answer:

the value on a given date of a future payment or series of future payments, discounted to reflect the time value of money