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Which of the following is/are true regarding Present/Future Value of a single cashflow? I. For a given interest rate the longer the time period, the

Which of the following is/are true regarding Present/Future Value of a single cashflow?

I. For a given interest rate the longer the time period, the higher the future value

II. For a given time period the higher the interest rate, the higher the present value

III. For a given time period the higher the interest rate, the higher the future value

I and III

All true

II only

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