The process of converting a future amount of money into its value today is called
A) trending.
B) depreciation.
C) discounting.
D) compounding.
C
You might also like to view...
Which of the following nations can be called a mixed economy?
A. The United States. B. Italy. C. Sweden. D. France. E. All of these nations are mixed economies.
Someone who is underemployed is someone who:
A. is working in a job for which he is overqualified. B. is working part-time, but wants full-time employment. C. could be contributing more output to society by either working more, or by working using more advanced skills he possesses but doesn't currently use. D. All of these describe someone who is underemployed.
The situation in which a firm’s total revenue is less than its total cost, including all implicit costs.
At an annual interest rate of 14 percent, about how many years will it take $100 to double in value?
a. 3 b. 4 c. 5 d. 7