what is the present value of costs (PVC)?
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Present Value of Costs (PVC) is the total expected cost of a future event or payment discounted to reflect the current value of money, taking inflation and other factors into account. Put simply, it is the amount that must be invested today to generate a future payment or liability. This is important for businesses to consider when making financial decisions, such as when calculating payments to creditors or determining rates of return on investments.