What is the term that describes the value today of a cash flow or series of cash flows to be received or paid in the future? compound value discount value present value temporal value Question 2 (0.5 points) All of the following are necessary to compute the future value of a single amount EXCEPT the: length of time between investment and future payment or receipt. amount of initial payment or receipt. interest rate. fair value. Question 3 (0.5 points) Simple interest on a $25,000, 8%, 9-month note is $2,500 $1,500 $2,000 $1,200 Question 4 (0.5 points) The future value of $1 will always be: less than the PV of that $1. equal to the interest rate. equal to $1. greater than the PV of that $1. Question 5 (0.5 points) In present value calculations, the process of determining the present value of a single sum of money is called: pricing. discounting negotiating. allocating