"Discounting" means to

create an unreasonable cashflow goal for a manager

calculate the future value of an annuity

use different rates each period

calculate a present value

QUESTION $7$

The relationship between the future value interest factor and the present value interest factor is best described as

direct

indirect

inverse

backward

QUESTION $8$

Other factors held constant, if the compounding frequency decreases, then

the effective annual rate decreases

the present value of a lump sum decreases

the future value of a lump sum increases

none of the above