As the discount rate increases, the present value of the returns falls more rapidly than the present

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As the discount rate increases, the present value of the returns falls more rapidly than the present value of the costs. Why?
Discount Rate
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...
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Agricultural Economics

ISBN: 978-0136071921

3rd edition

Authors: Evan Drummond, John Goodwin

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