Examlex
Which of the following is the best definition of the clientele effect?
Future Value
Future worth of cash or an asset that is akin in value to a nominated sum in the present.
Annually
Pertaining to events or actions that occur once every year.
Present Value
The present worth of a future sum of money or sequence of cash payments, reduced at a particular rate of interest.
PV
An abbreviation for present value, referring to the value today of a future payment or series of payments, adjusted for a specific rate of return.
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