The principal that must be invested now so that it will grow to a given amount in

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The principal that must be invested now so that it will grow to a given amount in a specified time period is called the __________. 

(a) Present value 

(b) Future value 

(c) Interest 

(d) Effective rate

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Related Book For  answer-question

College Algebra

ISBN: 9780135226865

11th Edition

Authors: Michael Sullivan, Michael Sullivan III

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