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The present value of a single sum is:
Select one:
A. The amount that would be paid today to receive a single amount at a specified date in the future
B. The amount that would be paid today to receive a single amount at an unspecified date in the future
C. The amount that would be paid at a specified date in the future to receive a single amount today
D. The amount that would be paid at an unspecified date in the future to receive a single amount today
E. None of the above
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