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lorelei's trust fund will pay her $10,000 a year for the next 30 years. The current value of these payments is called the: g

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The current value of these payments to Iorelei from her trust fund is called the present value of an annuity.

What is the present value of an annuity?

When a set payment is made every period then this is called an annuity. The amount of $10,000 that Iorelei is receiving is therefore an annuity.

The current value of this annuity is therefore the present value of an annuity.

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