Multiple Choice
Which of the following is true regarding the present value of a future sum?
A) The present value of a future sum decreases as either the discount rate or the number of periods per year increases.
B) The present value of a future sum increases as either the discount rate or the number of periods per year increases.
C) The present value of a future sum remains stable as either the discount rate or the number of periods per year increases.
D) There is no relationship between present and future value.
Correct Answer:
Verified
Correct Answer:
Verified
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