The process of converting an amount given at the present time into a future value is called
A) time value of money.
B) discounting.
C) compounding.
D) None of the above.
Answer: C
The process of converting an amount given at the present time into a future value is called
A) time value of money.
B) discounting.
C) compounding.
D) None of the above.
Answer: C