1. When comparing alternatives with different cash flow amounts paid in different time periods, you should convert all of the amounts to their _____________ to make a better comparison.

A. future value

B.present value

C.accounting rate of return

D.annuities

2. Present value = _____________ x PV factor.

A.future value

B.compound interest

C.discounted future cash flows

D.simple interest

3. When comparing alternatives with different cash flow amounts paid in different time periods, you should convert all of the amounts to their _____________ to make a better comparison.

a. future value

B.present value

C.accounting rate of return

D.annuities