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Which of the following statements are correct concerning the present value of $ 1 0 . 0 0 ten years from today discounted at 1
Which of the following statements are correct concerning the present value of $ ten years from today discounted at
I The present value is equal to $ divided by to the th power.
II If the discount rate were less than the present value would be smaller.
III If the $ were to be received years from today, the present value would be larger.
IV If the discount rate were more than the present value would be smaller.
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