Which of the Following Statements Is TRUE

Multiple Choice

Which of the following statements is TRUE?

A) People generally prefer to receive money later rather than sooner.
B) Interest is a payment made by lenders to borrowers.
C) The present value of a future payment will be lower the smaller the payment, the later it is due, and the higher the interest rate.
D) The future value of a payment will be more if the interest rate is lower.