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QUESTION 14 3 Looking at present value tables Appendix B and Appendix D why does the factor decrease as the term and discount (inflation) rate

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QUESTION 14 3 Looking at present value tables Appendix B and Appendix D why does the factor decrease as the term and discount (inflation) rate increase? Choose the best answer: a. Because money is worth less the longer you have to wait to receive it Because the greater the discount rate the less money received in the future is b. worth c. Both of these statements are correct d. Neither of these statements are correct

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