Multiple Choice
A change in the interest rate:
A) Has a smaller impact on the present value of a payment to be made far into the future than on one to be made sooner
B) Will not make a difference in the present values of two equal payments to be made at different times
C) Has a larger impact on the present value of a payment to be made far into the future than on one to be made sooner
D) Has a larger impact on the present value of a bigger payment to be made far into the future than on one of lesser value
Correct Answer:
Verified
Correct Answer:
Verified
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