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Which of the following is true about time value of money? a. The further into the future, the larger the present value of a lump

Which of the following is true about time value of money? a. The further into the future, the larger the present value of a lump sum. b. The further into the future, the lower the present value of a lump sum. c. The present value of an annuity is always larger than the future value of the same annuity. d. Present value of a lump sum is always greater than the future value. e. None of the above

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