The Process of Determining the Present Value Is Called Discounting

question 152

True/False

The process of determining the present value is called discounting because the present value is more than the future value.

---

Definitions:

Arbitrary and Capricious Test

A standard of review used by courts to assess the decision-making process of an administrative agency, ensuring decisions were made logically and not randomly.

De Novo Review

A new; over again; a second time. A trial de novo, for example, is a new trial in which the entire case is retried.

Beyond Reasonable Doubt Review

A standard of proof used in criminal trials to ensure guilt is determined with a high level of certainty, indicating no reasonable doubt of the defendant's guilt.

Voluntary Compliance

The principle or practice of willingly adhering to laws, regulations, or guidelines without the need for enforcement actions.