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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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Millon Cornett
9th edition
1259717771, 1259717772, 9781260048186, 1260048187, 978-1259717772
