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Kurt won a lottery and will receive $1,000 a year for the next 50 years. The value of his winnings today discounted at his discount
Kurt won a lottery and will receive $1,000 a year for the next 50 years. The value of his winnings today discounted at his discount rate is called which one of the following?
Single amount. |
Future value. |
Present value. |
Simple amount. |
Compounded value. |
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