Question
The present value of a dollar ________ as the interest rate increases and ________ the farther the future value is to be received. decreases; decreases
The present value of a dollar ________ as the interest rate increases and ________ the farther the future value is to be received.
| decreases; decreases | ||
| decreases; increases | ||
| increases; increases | ||
| increases; decreases |
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Public Finance
Authors: Richard W. Tresch
2nd Edition
0126990514, 978-0126990515
