The present value of a single sum is:

Select one:

A. The amount that would be paid today to receive a single amount at a specified date in the future

B. The amount that would be paid today to receive a single amount at an unspecified date in the future

C. The amount that would be paid at a specified date in the future to receive a single amount today

D. The amount that would be paid at an unspecified date in the future to receive a single amount today

E. None of the above