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Suppose you are trying to find the present value of two different cash flows using the same interest rate for each cash flow. One is
Suppose you are trying to find the present value of two different cash flows using the same interest rate for each cash flow. One is $2,000 twenty years from now, the other a $1,600 flow fourteen years from now. Which of the following is true about the discount factors used to value the cash flows?
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