Present Value.$$Describe some instances when determining the present value of an amount is useful.

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Part $1$

Determining the present value of an amount is useful when you want$$ to:$($Select the best answer$$ below.$)$

A$.$

know how much of your income you can save.

B$.$

know how much money to set aside to have a specific amount in retirement.

C$.$

lend someone money.

D$.$

pay off your loan