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Meaning of PRESENT VALUE

 
Webster's 1913 Dictionary
 
 Definition: 
\Pres"ent value\ or worth \worth\ (of money
payable at a future date).
The principal which, drawing interest at a given rate, will
amount to the given sum at the date on which this is to be
paid; thus, interest being at 6%, the present value of $106
due one year hence is $100.

 

 

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