11.3 You are explaining time value of money factors to your friend. Which factor would you explain...

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11.3 You are explaining time value of money factors to your friend. Which factor would you explain as being larger?

A. The future value of $1 for 12 periods at 6% is larger.

B. The present value of $1 for 12 periods at 6% is larger.

C. Neither one is larger because they are equal.

D. There is not enough information given to answer this question.

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Principles Of Accounting Managerial Accounting Volume 2

ISBN: 9781947172609

1st Edition

Authors: Patty Graybeal, Mitchell Franklin, Dixon Cooper

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