The amount of money that would need to be invested today at a given interest rate over a specified period in order to equal a future amount is called _______.
future value, present value, future value interest factor, or present value interest factor
I believe the answer is - future value interest factor - please advise answer & why - thanks so much!© BrainMass Inc. brainmass.com March 4, 2021, 6:12 pm ad1c9bdddf
Answer: Present value
You invest the present value (PV) today at the interest rate r to receive the future value ...
The present values are determined for investment futures. You will find the answer to this puzzling question inside.