If a discount (or interest) rate has a positive value, then the future value of any amount

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If a discount (or interest) rate has a positive value, then the future value of any amount deposited in an interest-bearing account will _______________.

a. Be less than the present value

b. Be equal to the present value

c. Be greater than the present value

d. Decline over time

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Principles Of Finance

ISBN: 9798439388899

1st Edition

Authors: Julie Dahlquist, Rainford Knight

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