Question
Nancy has won a lottery today. She will receive $5,000 a year for the next 25 years. We call the current value (value today) of
Nancy has won a lottery today. She will receive $5,000 a year for the next 25 years. We call the current value (value today) of these payments to Nancy the _________________.
Multiple Choice
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single amount
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future value
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present value
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simple amount
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compounded value
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Operational Auditing An Introduction With Suggested Answers To Discussion Questions
Authors: Darwin J. Casler
1st Edition
0894130978, 978-0894130977
