What is the definition of present value? a. the current value of a future sum of moneyb. the interest paid on a current sum of moneyc. the future value of a current sum of moneyd. the interest paid on a future sum of money

The definition of present value is the current value of a future sum of money.

Choice A

Step-by-step explanation:

Present value (PV) is the current value of a future streams of cash flows or sum of money at a given expected rate of return by the investor. Future payment streams are discounted at the rate of return. The present value increases with the decrease in the rate of return or the discount rate and vice versa.

answer: - (a)

(b) 88 seats

step-by-step explanation:

given: in an auditorium, there are 22 seats in the first row and 28 seats in the second row.

thus first term=

second term=

the number of seats in a row continues to increase by 6 with each additional row.

⇒d= 6

a) given formula :

b)   let the number of seats (n) = 12

substitute n=12 in the explicit rule formed in (a)

∴there are 88 seats in 12 rows.