American_Bankers_Association
CTFA · Question #54
CTFA Question #54: Real Exam Question with Answer & Explanation
The correct answer is A. Present value. See the full explanation below for the reasoning.
Question
It is the value today of an amount to be received in future; it is the amount that would have to be invested today at a given interest rate over a specified period of time to accumulate the future amount. What is it?
Options
- APresent value
- BDiscounted value
- CCompounded value
- DLump-sum value
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