Question: Calvin won a lottery and will receive $ 1 , 0 0 0 a year for the next 5 0 years. The value of his

Calvin won a lottery and will receive $1,000 a year for the next 50 years. The value of his winnings today discounted at his discount rate is called which one of the following?
Present value.
Single amount.
Future value
Simple amount.
Calvin won a lottery and will receive $ 1 , 0 0 0

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