Question: How would a decrease in the interest rate affect the present value of a lump sum, single cash flow that is expected to be received
How would a decrease in the interest rate affect the present value of a lump sum, single cash flow that is expected to be received in five years all other
variables remain the same
Multiple Choice
Increase the present value.
Change the future value.
Increase the time needed to save.
Decrease the present value.
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