Explain why the present value of a future amount is always less than the future amount.

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Financial & Managerial Accounting

ISBN: 9780073526997

15th Edition

Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello

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Question Posted: Oct 05, 2016 08:40 AM

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Explain why the present value of a future amount is always less than the future amount.

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