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What is the effect on the present value of lowering the discount rate (time value of money)? Decrease Increase No effect Not possible to tell
What is the effect on the present value of lowering the discount rate (time value of money)?
| Decrease | |
| Increase | |
| No effect | |
| Not possible to tell without additional information |
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Financial Accounting
Authors: Carl Warren
13th Edition
1133607616, 978-1133607618
