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Finding a present value is the reverse of finding a future value. Which of the following is true about finding the present value of cash
Finding a present value is the reverse of finding a future value.
Which of the following is true about finding the present value of cash flows?
Finding the present value of cash flows tells you how much you need to invest today so that it grows to a given future amount at a
specified rate of return.
Finding the present value of cash flows tells you what a cash flow will be worth in future years at a specified rate of return.
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Practical Financial Management
Authors: William R. Lasher
7th edition
128560721X, 9781133593669, 1133593682, 9781285607214, 978-1133593683
