Question: A payment received in the future is worth less, in dollar terms, than its equivalent today because: O interest rates are always lower in the

A payment received in the future is worth less, in dollar terms, than its equivalent today because: O interest rates are always lower in the future than they are in the present. O interest rates are always higher in the future than they are in the present. an amount equal to the present value of the future payment could have been used in the meantime to earn interest. an amount equal to the future payment could have been used in the meantime to earn interest

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