When We Express the Value of a Cash Flow or Series

question 79

Multiple Choice

When we express the value of a cash flow or series of cash flows in terms of dollars today,we call it the ________ of the investment.If we express it in terms of dollars in the future,we call it the ________.

• A)present value;future value
• B)future value;present value
• C)ordinary annuity;annuity due
• D)discount factor;discount rate

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Definitions:

False Invoices

Invoices that are issued to bill for goods or services that were not actually provided, often used in fraudulent schemes.

Ethical

Ethical pertains to moral principles that govern a person's behavior or the conducting of an activity.

Moral Code

A set of principles or ethics that govern the behavior of individuals or groups based on notions of right and wrong.