Multiple Choice
The present value of a given future stream of benefits will be lower when the benefits are ________ and the interest rate is ________.
A) nearer in time; lower
B) accruing in the first time period only; lower
C) more distant in time; higher
D) equalized over a ten-year period; zero
E) more distant in time; lower
Correct Answer:
Verified
Correct Answer:
Verified
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