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Which of the following is the best definition for present value? A. the amount of a specified future value compounded at a specified rate which

Which of the following is the best definition for present value?

A.

the amount of a specified future value compounded at a specified rate which can be invested currently

B.

the amount that must be invested per year and compounded at a specified rate and time to reach a specified present value

C.

the amount that must be invested now and compounded at a specified rate and time to reach a specified future value

D.

All of these are appropriate definitions for present value.

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