The present value of a future sun decreases as either the discount rate or the number of periods per year increases, other things held constant. The payment made each period on an amortized loan ie constant, and it consist* of some Interest and some principal. The closer we are to the end of the loan's life, the smaller the percentage of the payment that will be a repayment of principal. The market value of any real or financial asset, including stocks. or art work purchased in hope of selling it at a profit, may be