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3. Present values decline as the time to the cash flows increases. True False - 4. The present value of an annuity due equals
3. Present values decline as the time to the cash flows increases. True False - 4. The present value of an annuity due equals the present value of an ordinary annuity times the discount rate. True False
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3 True This is because since we take the present value as the curre...
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
