Shelley Won a Lottery and Will Receive $1,000 a Year

question 26

Multiple Choice

Shelley won a lottery and will receive $1,000 a year for the next ten years.The value of her winnings today discounted at her discount rate is called which one of the following?

• A)single amount
• B)future value
• C)present value
• D)simple amount
• E)compounded value

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