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The present value of $ 1 , 0 0 0 to be received in five years will be: ( Note: suppose the interest rate is

The present value of $1,000 to be received in five years will be: (Note: suppose the interest rate is positive)
A. less than the present value of $1,000 that will be received in three years.
B. more than the present value of $1,000 that will be received in four years.
C. It is impossible to answer with certainty without knowing the interest rate.
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