Precalculus (10th Edition)

Published by Pearson
ISBN 10: 0-32197-907-9
ISBN 13: 978-0-32197-907-0

Chapter 5 - Exponential and Logarithmic Functions - 5.7 Financial Models - 5.7 Assess Your Understanding - Page 323: 74

Answer

The value of a sum of money in the present as opposed to some future value it might have after invested.

Work Step by Step

Present value means the value of a sum of money in the present as opposed to some future value it might have after invested.
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