Multiple Choice
Which of the following statements regarding the time value of money is NOT true?
A) The exact present value depends on the interest rate, the length of time and the principal amount.
B) Present value is always less than the future value.
C) Money earns interest over time.
D) The amount to invest now to receive more in the future is the future value .
Correct Answer:
Verified
Correct Answer:
Verified
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