Multiple Choice
Which of the following statements is true concerning the present value of an investment?
A) The difference between the future and present values of an investment is the annuity.
B) The present value of an investment is expected to be larger than its future value.
C) The present value of an investment is expected to be smaller than its future value.
D) The present value of an investment is always larger than its future value.
Correct Answer:
Verified
Correct Answer:
Verified
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