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The key to present value calculations is that they... provide accurate answers only in a high-inflation enviroment provide accurate answers only in a low inflation

The key to present value calculations is that they...

  1. provide accurate answers only in a high-inflation enviroment
  2. provide accurate answers only in a low inflation environment
  3. provide a common unit for measuring funds at different times
  4. are appropriate only for funds in the same time period

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