The Present Discounted Value of R Dollars to Be Paid

Multiple Choice

The present discounted value of R dollars to be paid in t years is

A) the future market value of receiving R dollars in t years.
B) equal to R × t years.
C) the amount you have to put aside now if you want to ensure that you end up with R dollars t years from now.
D) the amount you will have to save in the future to allow you to consume R dollars today.