Multiple Choice
The present value of $1 payable in the future decreases:
A) the longer time it is to be paid and the lower r is.
B) the longer time it is to be paid and the higher r is.
C) the sooner it is to be paid and the lower r is.
D) the sooner it is to be paid and the higher r is.
Correct Answer:
Verified
Correct Answer:
Verified
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