Multiple Choice
For a given interest rate, as the length of time until receipt of the funds increases, the present value interest factor
A) remains unchanged.
B) changes proportionally.
C) decreases.
D) increases.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q121: Kathy borrows $10,000 from the bank. For
Q122: Gina has planned to start her college
Q123: Bill plans to fund his registered retirement
Q124: A deposit of $400 at the end
Q125: Your Toronto Dominion shares you purchased 5
Q127: Janice would like to send her parents
Q128: The time value concept/calculation used in amortizing
Q129: The future value of $100 received today
Q130: A college received a contribution to its
Q131: The present value of $1,000 received at