Begin with a Single Sum of Money at Period 0

Multiple Choice

Begin with a single sum of money at period 0.First,calculate a future value of that sum at 12.01%.Then discount that future value back to period 0 at 11.99%.In relation to the initial single sum,the discounted future value:

A) Is greater than the original amount
B) Is less than the original amount
C) Is the same as the original amount
D) Cannot be determined with the information given