Which type of computation would a person use to determine current value of a desired amount for the future? A. Present value of a series of deposits B. Future value of a single amount C. Future value of a series of deposits D. Present value of a single amount
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The a person use Present value of a single amount to determine current value of a desired amount for the future, Letter D.
Question
Updated 10/14/2012 11:25:59 PM
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The a person use Present value of a single amount to determine current value of a desired amount for the future, Letter D.
Flagged by akoine, Unflagged by debnjerry, Rated good by debnjerry, Confirmed by andrewpallarca [7/23/2014 10:19:27 AM]
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The type of computation that a person would use to determine current value of a desired amount for the future is B. FUTURE VALUE OF A SINGLE AMOUNT.

This answer has been flagged as incorrect.
Flagged by samn
@Akoin base on my learning, present value is used to identify the current or present value of a future amount. Value of the future amount refers to the desired value. For instance, you are expecting or you want to have \$10,000 in the future and you would like to determine the value of \$10,000 today, It can also answers the question, how much do I need today to get \$10,000 in the future?

Future value is identifying the future value of a current amount. For instance you have \$10,000 today and you would like to know the value of the \$10,000 in the future. You are working from Present to Future.

The question is asking the type of calculations that will be used to use to determine current value of a desired amount for the future, therefore, you are working FUTURE to the PRESENT.

Here's a site that can prove that I provided a correct answer. I just found site today.

Current means now or present. Akoine, the link you provided actually shows that Samn's answer is correct.
@debnjerry: Thanks for removing the flag.
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