39. In the formula for the future value of an amount of money FV- PV(1+), PV is equal to: a. Perpetuity Value b. Perceived Value c. Present Value 40. An amortized loan is: a. b. c. A loan that is a single payment at the end of the period A loan without an interest payment A loan that is to be repaid in equal amounts 41. Which of the following is an example of an amortized loan? a. b. C. A Treasury Bill A home mortgage A municipal bond 42. Based on capital market history, there is a reward for bearing: a. Inflation b. Interest costs C. Risk