How does the present value of a future payment change as the time to receipt is lengthened?
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How does the present value of a future payment change as the time to receipt is lengthened? As the interest rate increases?
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The present value of a future payment is influenced by two main factors time to receipt and the inte...View the full answer
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Related Book For
Fundamentals Of Financial Management
ISBN: 9780357517574
16th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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