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The present value of a future sum is: lower, the further out in time the future cash flow ( like you'll receive it in 1

The present value of a future sum is:
lower, the further out in time the future cash flow (like you'll receive it in 10 years instead of five years).
all of the other answers are correct statements
lower than the future value as long as interest rates are positive.
lower, the higher the interest (discount) rate

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