Which of the following statements is true? a. When the interest rate increases, the present value of
Question:
Which of the following statements is true?
a. When the interest rate increases, the present value of a single amount decreases.
b. When the number of interest periods increases, the present value of a single amount increases.
c. When the interest rate increases, the present value of an annuity increases.
d. None of the above are true.
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Related Book For 
Fundamentals Of Financial Accounting
ISBN: 9781265440169
7th Edition
Authors: Fred Phillips, Shana Clor Proell, Robert Libby, Patricia Libby
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