How does the present value of a future payment change as the time to receipt is lengthened?

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How does the present value of a future payment change as the time to receipt is lengthened? As the interest rate increases?

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Fundamentals Of Financial Management

ISBN: 9780357517574

16th Edition

Authors: Eugene F. Brigham, Joel F. Houston

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Question Posted: Feb 27, 2024 03:11 AM

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How does the present value of a future payment change as the time to receipt is lengthened?

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The present value of a future payment is influenced by two main factors time to receipt and the inte...View the full answer

Fundamentals Of Financial Management

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