The Present Value of a Single Payment Can Be Represented

question 81

Multiple Choice

The present value of a single payment can be represented as ____.

• A) PV₀ = FV_n(PVIF_i,n)
• B) PV₀ = FV_n(PVIFA_i,n)
• C) PV₀ = FV_n[1/(1 - i)ⁿ]
• D) None of these are correct

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Definitions:

Balance Sheet

This details a business's financial condition by listing its assets, debts, and the equity of its shareholders on a specific date.

Economic Resources

Assets, natural resources, labor, and capital that can be used for the production of goods and services, fundamental to economic activity.

Income Statement

A financial statement that shows a company's revenues, expenses, and profits over a specific period of time.

Economic Performance

A measurement of how well an economy, sector, or company is performing in terms of income, output, and growth.