Question
Higher discount rates will A not affect the present value of the future cash flow. B- increase the present value of any future cash flow.
Higher discount rates will
| A | not affect the present value of the future cash flow. | |
| B- | increase the present value of any future cash flow. | |
| C | decrease the present value of any future cash flow. | |
| Please expain |
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American Public School Finance
Authors: William Owings, Leslie Kaplan
2nd Edition
1111838046, 978-1111838041
