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If the interest rate is positive, then the present value of multiple cash flows is: greater than the sum of the cash flows. equal to
If the interest rate is positive, then the present value of multiple cash flows is:
greater than the sum of the cash flows. | ||
equal to the sum of the cash flows. | ||
less than the sum of the cash flows. | ||
higher or lower than the sum of the cash flows depending on the interest rate. |
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