You are explaining time value of money factors to your friend. Which factor would you explain as
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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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B The present value of 1 for 12 periods at 6 is larger In the context of time va...View the full answer
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