The Present Value of a Future Payment of Money Will

Multiple Choice

The present value of a future payment of money will be lower the

A) higher the interest rate or the further in the future the payment.
B) lower the interest rate or the further in the future the payment.
C) higher the interest rate or the nearer the date of the future payment.
D) lower the interest rate or the nearer the date of the future payment.
E) lower the interest rate,independent of the date of the future payment.