Question
If the interest rate is positive, then the present value of multiple cash flows is: a-greater than the sum of the cash flows. b-equal to
If the interest rate is positive, then the present value of multiple cash flows is:
a-greater than the sum of the cash flows.
b-equal to the sum of the cash flows.
c-less than the sum of the cash flows.
d-higher or lower than the sum of the cash flows depending on the interest rate.
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Focus On Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
5th Edition
0077861744, 978-0077861742
