As long as the interest rate is greater than zero, the present value of a single sum
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Question:
As long as the interest rate is greater than zero, the present value of a single sum will always:
a.Increase as the number of periods increases.
b.Equal the future value if the time period is one year.
c.Increase as the interest rate increases.
d.Decrease as the period of time decreases.
e.Be less than the future value.
Related Book For
Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright
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