Question: A customer won a lottery and will receive $ 2 , 5 0 0 per year for the next 2 5 years. The current value

A customer won a lottery and will receive $2,500 per year for the next 25 years. The current value of these winnings is called the:
simple amount.
future value.
single amount.
compounded value.
present value.
A customer won a lottery and will receive $2,500 per year

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