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Financial Planner

Category - General Principles of Financial Planning

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What is defined as the current worth of a future sum of money given a specific rate of return?

Present Value
Post Value
Net Present Value
Past Net Value

Explanation

Answer: A - Present value is defined as the current worth of a future sum of money given a specific rate of return. These funds are discounted at an appropriate interest rate. The higher the discount rate, the lower the present value of a given amount of money.

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