Multiple Choice
The present value of a future amount will decrease if _________________.
I.the discount rate increases
II.the amount occurs closer in time
III.the compounding frequency increases
IV.inflation increases
A) I and II only
B) I and III only
C) II and III only
D) III and IV only
E) I, III and IV only
Correct Answer:
Verified
Correct Answer:
Verified
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